Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Price Up 1.3% – Still a Buy?

Schwab Crypto Thematic ETF (NYSEARCA:STCE)’s stock price rose 1.3% during trading on Monday . The stock traded as high as $36.97 and last traded at $36.64. Approximately 24,361 shares were traded during 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 Price Performance

The company has a market cap of $95.60 million, a PE ratio of 16.37 and a beta of 2.51. The firm’s 50 day moving average is $44.78 and its 200 day moving average is $43.59.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of STCE. Jane Street Group LLC purchased a new stake in shares of Schwab Crypto Thematic ETF in the 4th quarter valued at $3,336,000. Flow Traders U.S. LLC boosted its stake in shares of Schwab Crypto Thematic ETF by 6.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,084 shares of the company’s stock valued at $494,000 after purchasing an additional 896 shares in the last quarter. Finally, Wealth Management Nebraska purchased a new stake in shares of Schwab Crypto Thematic ETF in the 4th quarter valued at $231,000.

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.