Schwab Crypto Thematic ETF (NYSEARCA:STCE) Shares Up 5.2% – Still a Buy?

Schwab Crypto Thematic ETF (NYSEARCA:STCE) shares rose 5.2% during mid-day trading on Wednesday. The stock traded as high as $48.16 and last traded at $47.28. Approximately 58,117 shares changed hands during trading, a decline of 58% from the average daily volume of 136,776 shares. The stock had previously closed at $44.96.

Schwab Crypto Thematic ETF Stock Down 3.1%

The firm has a fifty day moving average of $59.09 and a 200-day moving average of $63.41. The firm has a market cap of $145.96 million, a P/E ratio of 10.36 and a beta of 2.81.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OneAscent Financial Services LLC grew its stake in shares of Schwab Crypto Thematic ETF by 4.6% in the third quarter. OneAscent Financial Services LLC now owns 7,022 shares of the company’s stock valued at $464,000 after buying an additional 312 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Schwab Crypto Thematic ETF by 480.4% during the second quarter. JFS Wealth Advisors LLC now owns 563 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares in the last quarter. JNBA Financial Advisors lifted its stake in Schwab Crypto Thematic ETF by 735.3% in the second quarter. JNBA Financial Advisors now owns 568 shares of the company’s stock valued at $40,000 after acquiring an additional 500 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in Schwab Crypto Thematic ETF by 1.6% in the third quarter. Global Wealth Strategies & Associates now owns 62,116 shares of the company’s stock valued at $4,101,000 after acquiring an additional 986 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new stake in Schwab Crypto Thematic ETF in the third quarter valued at $71,000.

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.