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

Schwab Crypto Thematic ETF (NYSEARCA:STCE) fell 0.7% during mid-day trading on Thursday . The stock traded as low as $60.66 and last traded at $61.22. Approximately 70,676 shares changed hands during 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 Stock Performance

The company has a market cap of $220.39 million, a price-to-earnings ratio of 25.00 and a beta of 2.75. The company has a 50-day simple moving average of $68.22 and a 200-day simple moving average of $64.97.

Institutional Trading of Schwab Crypto Thematic ETF

Several institutional investors and hedge funds have recently made changes to their positions in STCE. MML Investors Services LLC acquired a new stake in shares of Schwab Crypto Thematic ETF during the 4th quarter worth about $3,390,000. Quattro Advisors LLC acquired a new position in shares of Schwab Crypto Thematic ETF in the fourth quarter valued at approximately $2,093,000. Jane Street Group LLC acquired a new position in shares of Schwab Crypto Thematic ETF in the fourth quarter valued at approximately $1,247,000. Advyzon Investment Management LLC purchased a new position in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at approximately $475,000. Finally, HRT Financial LP purchased a new position in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at approximately $281,000.

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.