Marathon Asset Management LP Has $2.68 Million Stock Position in iShares Ethereum Trust ETF $ETHA

Marathon Asset Management LP trimmed its stake in iShares Ethereum Trust ETF (NASDAQ:ETHA) by 46.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,000 shares of the company’s stock after selling 75,000 shares during the period. iShares Ethereum Trust ETF accounts for about 3.6% of Marathon Asset Management LP’s investment portfolio, making the stock its 7th largest position. Marathon Asset Management LP’s holdings in iShares Ethereum Trust ETF were worth $2,678,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETHA. Apexium Financial LP bought a new stake in iShares Ethereum Trust ETF during the third quarter worth approximately $1,225,000. Keystone Financial Group bought a new position in shares of iShares Ethereum Trust ETF in the third quarter valued at approximately $257,000. Revere Asset Management Inc acquired a new stake in shares of iShares Ethereum Trust ETF in the third quarter worth $597,000. NewEdge Advisors LLC lifted its stake in shares of iShares Ethereum Trust ETF by 794.2% in the third quarter. NewEdge Advisors LLC now owns 147,146 shares of the company’s stock worth $4,637,000 after buying an additional 130,690 shares during the last quarter. Finally, Connective Capital Management LLC bought a new stake in shares of iShares Ethereum Trust ETF during the 3rd quarter worth $316,000.

iShares Ethereum Trust ETF Trading Down 0.4%

NASDAQ:ETHA opened at $17.54 on Wednesday. iShares Ethereum Trust ETF has a 1 year low of $10.99 and a 1 year high of $36.80. The firm’s fifty day simple moving average is $18.24 and its 200 day simple moving average is $24.26.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.