Schwab Crypto Thematic ETF (NYSEARCA:STCE) Shares Down 0.7% – Here’s What Happened

Schwab Crypto Thematic ETF (NYSEARCA:STCE) fell 0.7% on Thursday . The company traded as low as $60.66 and last traded at $61.22. Approximately 70,676 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 144,013 shares. The stock had previously closed at $61.66.

Schwab Crypto Thematic ETF Trading Up 0.6%

The firm has a market capitalization of $221.76 million, a P/E ratio of 25.00 and a beta of 2.75. The company has a 50-day moving average of $68.03 and a 200-day moving average of $64.94.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Schwab Crypto Thematic ETF in the third quarter worth approximately $36,000. JFS Wealth Advisors LLC boosted its holdings in Schwab Crypto Thematic ETF by 480.4% in the second quarter. JFS Wealth Advisors LLC now owns 563 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares during the last quarter. 4Thought Financial Group Inc. acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter valued at approximately $41,000. Bogart Wealth LLC acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter valued at approximately $44,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Schwab Crypto Thematic ETF during the 4th quarter worth approximately $46,000.

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.