Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Trading Up 0.8% – Here’s Why

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) traded up 0.8% on Wednesday . The stock traded as high as $19.00 and last traded at $19.00. 1,477 shares changed hands during trading, a decline of 70% from the average session volume of 4,929 shares. The stock had previously closed at $18.84.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

The firm has a market cap of $11.59 million, a PE ratio of 18.87 and a beta of 2.94. The firm has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $18.20.

Hedge Funds Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC raised its position in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,633 shares of the company’s stock after buying an additional 2,210 shares during the quarter. CreativeOne Wealth LLC owned about 2.27% of Invesco Alerian Galaxy Crypto Economy ETF worth $242,000 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.