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

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was down 3.8% during trading on Thursday . The stock traded as low as $55.61 and last traded at $56.19. Approximately 138,680 shares were traded during trading, a decline of 37% from the average daily volume of 219,351 shares. The stock had previously closed at $58.42.

Schwab Crypto Thematic ETF Stock Performance

The stock’s 50 day simple moving average is $66.38 and its 200 day simple moving average is $71.05. The firm has a market cap of $244.43 million, a PE ratio of 25.00 and a beta of 2.60.

Institutional Trading of Schwab Crypto Thematic ETF

A number of institutional investors have recently made changes to their positions in STCE. Breakthru Advisory Services LLC bought a new position in Schwab Crypto Thematic ETF during the 4th quarter valued at approximately $3,396,000. Flow Traders U.S. LLC increased its stake 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 buying an additional 25,806 shares during the period. Jane Street Group LLC purchased a new position in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at approximately $1,247,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Schwab Crypto Thematic ETF during the second quarter valued at approximately $235,000. Finally, Mattern Wealth Management LLC purchased a new stake in Schwab Crypto Thematic ETF in the third quarter worth $369,000.

Schwab Crypto Thematic ETF Company Profile

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.