Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Down 1.2% – Here’s What Happened

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s share price traded down 1.2% during trading on Monday . The company traded as low as $68.43 and last traded at $70.24. 113,425 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 145,370 shares. The stock had previously closed at $71.11.

Schwab Crypto Thematic ETF Price Performance

The firm’s 50-day simple moving average is $62.15 and its two-hundred day simple moving average is $65.47. The company has a market capitalization of $302.57 million, a price-to-earnings ratio of 25.00 and a beta of 2.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Schwab Crypto Thematic ETF during the third quarter worth about $36,000. Coston McIsaac & Partners purchased a new stake in Schwab Crypto Thematic ETF during the third quarter worth $41,000. Spire Wealth Management boosted its position in Schwab Crypto Thematic ETF by 207.5% during the fourth quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $37,000 after purchasing an additional 415 shares in the last quarter. 4Thought Financial Group Inc. purchased a new stake in Schwab Crypto Thematic ETF during the fourth quarter worth $41,000. Finally, Bogart Wealth LLC purchased a new stake in Schwab Crypto Thematic ETF during the fourth quarter worth $44,000.

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.