Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Trading Down 3.4% – Time to Sell?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) fell 3.4% during mid-day trading on Friday . The company traded as low as $15.47 and last traded at $15.47. 320 shares changed hands during trading, a decline of 95% from the average session volume of 6,457 shares. The stock had previously closed at $16.02.

Invesco Alerian Galaxy Crypto Economy ETF Price Performance

The firm has a market cap of $9.28 million, a P/E ratio of 18.87 and a beta of 2.94. The stock has a 50 day moving average of $18.04 and a 200 day moving average of $21.75.

Institutional Trading of Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC raised its holdings in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,056 shares of the company’s stock after acquiring an additional 9,170 shares during the period. Jane Street Group LLC owned about 9.34% of Invesco Alerian Galaxy Crypto Economy ETF worth $1,063,000 at the end of the most recent reporting period.

About Invesco Alerian Galaxy Crypto Economy ETF

The Invesco Alerian Galaxy Crypto Economy ETF (SATO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that holds cryptocurrency-focused equities, and crypto ETPs and trusts. The index is weighted in tier. SATO was launched on Oct 7, 2021 and is managed by Invesco.