Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Trading 14.2% Higher – Time to Buy?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO)’s stock price traded up 14.2% during mid-day trading on Thursday . The company traded as high as $13.32 and last traded at $14.4910. 18,660 shares traded hands during mid-day trading, an increase of 104% from the average session volume of 9,139 shares. The stock had previously closed at $12.6837.

Invesco Alerian Galaxy Crypto Economy ETF Stock Up 28.5%

The company has a fifty day moving average of $19.58 and a two-hundred day moving average of $22.32. The stock has a market capitalization of $9.78 million, a price-to-earnings ratio of 18.87 and a beta of 2.94.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC acquired a new stake in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,941 shares of the company’s stock, valued at approximately $359,000. CreativeOne Wealth LLC owned 3.16% of Invesco Alerian Galaxy Crypto Economy ETF as of its most recent SEC filing.

Invesco Alerian Galaxy Crypto Economy ETF Company Profile

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.