Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Up 1.3% – Here’s Why

Schwab Crypto Thematic ETF (NYSEARCA:STCE) rose 1.3% on Monday . The company traded as high as $36.97 and last traded at $36.64. Approximately 24,361 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 37,525 shares. The stock had previously closed at $36.16.

Schwab Crypto Thematic ETF Trading Up 1.3 %

The company has a market capitalization of $95.26 million, a PE ratio of 16.37 and a beta of 2.51. The business’s fifty day moving average is $45.06 and its two-hundred day moving average is $43.58.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Management Nebraska bought a new stake in shares of Schwab Crypto Thematic ETF during the 4th quarter valued at $231,000. Flow Traders U.S. LLC grew its position in shares of Schwab Crypto Thematic ETF by 6.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,084 shares of the company’s stock valued at $494,000 after acquiring an additional 896 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Schwab Crypto Thematic ETF during the 4th quarter valued at $3,336,000.

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.