Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Down 3.8% – Time to Sell?

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s share price traded down 3.8% during mid-day trading on Thursday . The company traded as low as $55.61 and last traded at $56.19. 138,680 shares changed hands during trading, a decline of 37% from the average session volume of 219,351 shares. The stock had previously closed at $58.42.

Schwab Crypto Thematic ETF Price Performance

The stock’s 50 day moving average is $66.38 and its 200-day moving average is $71.05. The company has a market capitalization of $244.43 million, a P/E ratio of 25.00 and a beta of 2.60.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Institutional investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC purchased a new stake in Schwab Crypto Thematic ETF during the 2nd quarter valued at $235,000. Flow Traders U.S. LLC lifted its holdings in shares of Schwab Crypto Thematic ETF by 365.5% during the second quarter. Flow Traders U.S. LLC now owns 32,867 shares of the company’s stock valued at $1,645,000 after purchasing an additional 25,806 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Schwab Crypto Thematic ETF by 42.9% during the second quarter. Jane Street Group LLC now owns 41,389 shares of the company’s stock valued at $2,072,000 after buying an additional 12,424 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Schwab Crypto Thematic ETF by 32.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,658 shares of the company’s stock worth $209,000 after buying an additional 654 shares in the last quarter. Finally, CWM LLC increased its holdings in Schwab Crypto Thematic ETF by 52,800.0% in the 3rd quarter. CWM LLC now owns 1,587 shares of the company’s stock worth $125,000 after buying an additional 1,584 shares in the last quarter.

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.