Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Up 1.2% – Still a Buy?

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s stock price traded up 1.2% on Tuesday. The company traded as high as $53.24 and last traded at $51.65. Approximately 86,573 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 141,682 shares. The stock had previously closed at $51.03.

Schwab Crypto Thematic ETF Stock Performance

The firm has a market cap of $174.71 million, a P/E ratio of 25.00 and a beta of 2.74. The firm’s fifty day moving average price is $64.47 and its 200 day moving average price is $67.31.

Institutional Trading of Schwab Crypto Thematic ETF

A number of institutional investors have recently made changes to their positions in STCE. Global Wealth Strategies & Associates raised its stake in Schwab Crypto Thematic ETF by 3.6% in the 2nd quarter. Global Wealth Strategies & Associates now owns 61,130 shares of the company’s stock worth $4,276,000 after acquiring an additional 2,127 shares during the last quarter. Oarsman Capital Inc. purchased a new position in shares of Schwab Crypto Thematic ETF during the 2nd quarter valued at approximately $1,922,000. Envestnet Asset Management Inc. acquired a new stake in shares of Schwab Crypto Thematic ETF in the second quarter valued at about $282,000. AdvisorNet Financial Inc boosted its holdings in Schwab Crypto Thematic ETF by 11.4% in the 1st quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock worth $213,000 after buying an additional 419 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new stake in Schwab Crypto Thematic ETF in the 3rd quarter worth about $71,000.

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.