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

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

Schwab Crypto Thematic ETF Stock Performance

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

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Schwab Crypto Thematic ETF during the 3rd quarter valued at $36,000. Coston McIsaac & Partners purchased a new position in Schwab Crypto Thematic ETF during the 3rd quarter worth $41,000. Triumph Capital Management acquired a new position in Schwab Crypto Thematic ETF during the 3rd quarter valued at about $61,000. Farther Finance Advisors LLC raised its stake in Schwab Crypto Thematic ETF by 45,450.0% in the second quarter. Farther Finance Advisors LLC now owns 1,822 shares of the company’s stock valued at $91,000 after buying an additional 1,818 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in Schwab Crypto Thematic ETF by 197.3% in the second quarter. AdvisorNet Financial Inc now owns 2,004 shares of the company’s stock valued at $100,000 after buying an additional 1,330 shares during 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.