Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Down 0.9% – Time to Sell?

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s stock price was down 0.9% during trading on Wednesday . The company traded as low as $66.95 and last traded at $67.73. Approximately 104,857 shares changed hands during trading, a decline of 30% from the average session volume of 150,659 shares. The stock had previously closed at $68.33.

Schwab Crypto Thematic ETF Stock Performance

The company has a 50 day moving average of $72.54 and a two-hundred day moving average of $65.85. The stock has a market cap of $247.21 million, a PE ratio of 25.00 and a beta of 2.73.

Institutional Trading of Schwab Crypto Thematic ETF

Several institutional investors have recently bought and sold shares of the business. Spire Wealth Management increased its holdings in Schwab Crypto Thematic ETF by 207.5% in the 4th quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $37,000 after acquiring an additional 415 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Schwab Crypto Thematic ETF by 11.4% during the first quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock valued at $213,000 after purchasing an additional 419 shares in the last quarter. Advisory Services Network LLC purchased a new position in Schwab Crypto Thematic ETF during the third quarter valued at $36,000. JFS Wealth Advisors LLC lifted its holdings in Schwab Crypto Thematic ETF by 480.4% during the second quarter. JFS Wealth Advisors LLC now owns 563 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Schwab Crypto Thematic ETF by 83.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,281 shares of the company’s stock valued at $77,000 after purchasing an additional 583 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. STCE was launched on Aug 4, 2022 and is managed by Charles Schwab.