iShares Ethereum Trust ETF (NASDAQ:ETHA) Hits New 12-Month Low – Here’s Why

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $11.55 and last traded at $11.73, with a volume of 13248658 shares traded. The stock had previously closed at $11.92.

iShares Ethereum Trust ETF Price Performance

The business’s 50-day moving average price is $15.54 and its two-hundred day moving average price is $17.77.

Institutional Trading of iShares Ethereum Trust ETF

Institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC raised its holdings in shares of iShares Ethereum Trust ETF by 100.3% during the 1st quarter. Western Wealth Management LLC now owns 21,834 shares of the company’s stock worth $346,000 after buying an additional 10,936 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in iShares Ethereum Trust ETF in the first quarter valued at about $175,000. Bank of America Corp DE grew its position in iShares Ethereum Trust ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 67,492 shares of the company’s stock valued at $1,068,000 after acquiring an additional 930 shares during the last quarter. Arkadios Wealth Advisors raised its stake in iShares Ethereum Trust ETF by 28.3% during the first quarter. Arkadios Wealth Advisors now owns 33,235 shares of the company’s stock worth $526,000 after acquiring an additional 7,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in iShares Ethereum Trust ETF by 42.7% during the first quarter. EverSource Wealth Advisors LLC now owns 14,323 shares of the company’s stock worth $227,000 after acquiring an additional 4,288 shares in the last quarter.

iShares Ethereum Trust ETF Company Profile

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.