Schwab Crypto Thematic ETF (NYSEARCA:STCE – Get Free Report)’s stock price was down 2.8% during trading on Tuesday . The stock traded as low as $70.37 and last traded at $73.48. Approximately 351,239 shares traded hands during mid-day trading, an increase of 132% from the average daily volume of 151,290 shares. The stock had previously closed at $75.58.
Schwab Crypto Thematic ETF Stock Down 2.8%
The firm’s 50-day moving average is $68.20 and its 200-day moving average is $65.14. The company has a market cap of $308.62 million, a PE ratio of 25.00 and a beta of 2.69.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in shares of Schwab Crypto Thematic ETF by 11.4% in the 1st quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock valued at $213,000 after purchasing an additional 419 shares during the period. Strategic Investment Solutions Inc. IL grew its stake in Schwab Crypto Thematic ETF by 1,004.4% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,485 shares of the company’s stock worth $149,000 after purchasing an additional 2,260 shares during the period. MML Investors Services LLC bought a new position in Schwab Crypto Thematic ETF in the fourth quarter worth $3,390,000. Quattro Advisors LLC bought a new position in Schwab Crypto Thematic ETF in the fourth quarter worth $2,093,000. Finally, Advyzon Investment Management LLC purchased a new position in Schwab Crypto Thematic ETF during the fourth quarter valued at $475,000.
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.
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