Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Down 1.8% – Should You Sell?

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s share price fell 1.8% during mid-day trading on Monday . The stock traded as low as $61.93 and last traded at $62.08. 81,990 shares changed hands during trading, an increase of 5% from the average session volume of 78,263 shares. The stock had previously closed at $63.20.

Schwab Crypto Thematic ETF Stock Performance

The firm has a market cap of $248.32 million, a P/E ratio of 25.00 and a beta of 2.60. The firm’s fifty day moving average price is $75.88 and its 200 day moving average price is $68.00.

Institutional Trading of Schwab Crypto Thematic ETF

A number of hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in Schwab Crypto Thematic ETF during the third quarter worth $61,000. Advisory Services Network LLC bought a new position in shares of Schwab Crypto Thematic ETF in the 3rd quarter worth $36,000. Susquehanna International Group LLP purchased a new stake in shares of Schwab Crypto Thematic ETF during the 3rd quarter worth $361,000. Coston McIsaac & Partners purchased a new stake in shares of Schwab Crypto Thematic ETF during the 3rd quarter worth $41,000. Finally, Wealth Management Nebraska boosted its position in Schwab Crypto Thematic ETF by 9.4% during the third quarter. Wealth Management Nebraska now owns 7,775 shares of the company’s stock valued at $611,000 after purchasing an additional 671 shares in the last quarter.

Schwab Crypto Thematic ETF Company Profile

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. STCE was launched on Aug 4, 2022 and is managed by Charles Schwab.