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

Schwab Crypto Thematic ETF (NYSEARCA:STCE) shares rose 1.3% on Monday . The stock traded as high as $36.97 and last traded at $36.64. Approximately 24,361 shares were traded 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 Stock Up 1.3 %

The company has a market capitalization of $95.26 million, a price-to-earnings ratio of 16.37 and a beta of 2.51. The company’s 50 day simple moving average is $45.06 and its two-hundred day simple moving average is $43.58.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Several institutional investors have recently bought and sold shares of STCE. Wealth Management Nebraska purchased a new position in shares of Schwab Crypto Thematic ETF in the fourth quarter worth $231,000. Flow Traders U.S. LLC raised its holdings in shares of Schwab Crypto Thematic ETF by 6.8% in the third quarter. Flow Traders U.S. LLC now owns 14,084 shares of the company’s stock worth $494,000 after buying an additional 896 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Schwab Crypto Thematic ETF in the fourth quarter worth $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.