Schwab Crypto Thematic ETF (NYSEARCA:STCE) Trading Down 0.9% – Here’s Why

Schwab Crypto Thematic ETF (NYSEARCA:STCE) shares fell 0.9% during mid-day trading on Wednesday . The company traded as low as $66.95 and last traded at $67.73. 104,857 shares were traded during trading, a decline of 30% from the average session volume of 150,659 shares. The stock had previously closed at $68.33.

Schwab Crypto Thematic ETF Trading Down 4.7%

The company’s 50 day moving average is $72.37 and its 200-day moving average is $65.87. The stock has a market cap of $234.91 million, a PE ratio of 25.00 and a beta of 2.73.

Institutional Trading of Schwab Crypto Thematic ETF

A number of large investors have recently modified their holdings of the company. Global Wealth Strategies & Associates increased its position in Schwab Crypto Thematic ETF by 3.6% in the 2nd quarter. Global Wealth Strategies & Associates now owns 61,130 shares of the company’s stock valued at $4,276,000 after acquiring an additional 2,127 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Schwab Crypto Thematic ETF by 11.4% during the first quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock valued at $213,000 after purchasing an additional 419 shares during the period. Strategic Investment Solutions Inc. IL increased its holdings in shares of Schwab Crypto Thematic ETF by 1,004.4% during the fourth 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 during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at about $46,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Schwab Crypto Thematic ETF by 83.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,281 shares of the company’s stock valued at $77,000 after purchasing an additional 583 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.