Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Up 3% – Here’s Why

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s stock price was up 3% during trading on Monday . The stock traded as high as $74.47 and last traded at $73.82. Approximately 83,355 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 132,859 shares. The stock had previously closed at $71.69.

Schwab Crypto Thematic ETF Price Performance

The business’s 50-day simple moving average is $65.25 and its two-hundred day simple moving average is $66.29. The stock has a market cap of $250.37 million, a price-to-earnings ratio of 25.00 and a beta of 2.74.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Hedge funds have recently modified their holdings of the company. JNBA Financial Advisors grew its position in Schwab Crypto Thematic ETF by 735.3% during the 2nd quarter. JNBA Financial Advisors now owns 568 shares of the company’s stock worth $40,000 after acquiring an additional 500 shares during the last quarter. Oarsman Capital Inc. bought a new position in Schwab Crypto Thematic ETF in the second quarter valued at about $1,922,000. JFS Wealth Advisors LLC boosted its stake in shares of Schwab Crypto Thematic ETF by 480.4% during the second quarter. JFS Wealth Advisors LLC now owns 563 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Schwab Crypto Thematic ETF by 3.6% during the second quarter. Global Wealth Strategies & Associates now owns 61,130 shares of the company’s stock valued at $4,276,000 after purchasing an additional 2,127 shares in the last quarter. Finally, AdvisorNet Financial Inc grew 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 worth $213,000 after purchasing an additional 419 shares during 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.