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

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

Schwab Crypto Thematic ETF Stock Down 0.7%

The company has a market capitalization of $220.39 million, a PE ratio of 25.00 and a beta of 2.75. The firm has a 50-day moving average of $68.22 and a two-hundred day moving average of $64.97.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC purchased a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter worth approximately $3,390,000. Quattro Advisors LLC acquired a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter worth about $2,093,000. Jane Street Group LLC purchased a new stake in Schwab Crypto Thematic ETF in the fourth quarter valued at approximately $1,247,000. Advyzon Investment Management LLC acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter worth $475,000. Finally, HRT Financial LP purchased a new position in shares of Schwab Crypto Thematic ETF during the fourth quarter worth about $281,000.

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.