Schwab Crypto Thematic ETF (NYSEARCA:STCE) Shares Down 2.8% – What’s Next?

Schwab Crypto Thematic ETF (NYSEARCA:STCE) shares were down 2.8% during mid-day trading on Tuesday . The company traded as low as $70.37 and last traded at $73.48. Approximately 351,239 shares traded hands during 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 Up 6.9%

The stock has a market cap of $314.58 million, a P/E ratio of 25.00 and a beta of 2.69. The stock has a fifty day simple moving average of $69.08 and a 200-day simple moving average of $65.29.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

Several institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in shares of Schwab Crypto Thematic ETF by 11.4% during 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 in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Schwab Crypto Thematic ETF by 1,004.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,485 shares of the company’s stock valued at $149,000 after purchasing an additional 2,260 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Schwab Crypto Thematic ETF during the 4th quarter valued at about $3,390,000. Quattro Advisors LLC bought a new position in shares of Schwab Crypto Thematic ETF during the 4th quarter valued at about $2,093,000. Finally, Advyzon Investment Management LLC acquired a new position in Schwab Crypto Thematic ETF during the 4th quarter worth approximately $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.