Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Up 2.2% – Should You Buy?

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s stock price traded up 2.2% on Tuesday . The stock traded as high as $61.64 and last traded at $61.06. 51,282 shares were traded during trading, an increase of 1% from the average session volume of 50,947 shares. The stock had previously closed at $59.72.

Schwab Crypto Thematic ETF Trading Up 2.2%

The company has a 50 day moving average of $55.20 and a 200-day moving average of $44.71. The firm has a market capitalization of $170.97 million, a P/E ratio of 25.00 and a beta of 2.96.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

Several institutional investors and hedge funds have recently modified their holdings of STCE. Farther Finance Advisors LLC raised its stake in Schwab Crypto Thematic ETF by 45,450.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,822 shares of the company’s stock worth $91,000 after purchasing an additional 1,818 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Schwab Crypto Thematic ETF by 197.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,004 shares of the company’s stock worth $100,000 after purchasing an additional 1,330 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Schwab Crypto Thematic ETF during the second quarter worth approximately $235,000. Wealth Management Nebraska acquired a new stake in shares of Schwab Crypto Thematic ETF in the second quarter valued at approximately $341,000. Finally, Flow Traders U.S. LLC boosted its stake in shares of Schwab Crypto Thematic ETF by 365.5% in the second quarter. Flow Traders U.S. LLC now owns 32,867 shares of the company’s stock valued at $1,645,000 after buying an additional 25,806 shares during the period.

About Schwab Crypto Thematic ETF

The Schwab Crypto Thematic ETF (STCE) is an exchange-traded fund that is based on the The Schwab Crypto Thematic index. The fund tracks an index of globally listed companies that enable the cryptocurrency ecosystem. The fund selects and weights companies based on thematic relevance through a proprietary NLP algorithm.