Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Trading 41.2% Higher – Time to Buy?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO)’s share price shot up 41.2% during trading on Friday . The stock traded as high as $13.32 and last traded at $17.92. 18,660 shares were traded during trading, an increase of 106% from the average session volume of 9,043 shares. The stock had previously closed at $12.68.

Invesco Alerian Galaxy Crypto Economy ETF Price Performance

The company has a 50 day moving average price of $16.21 and a 200 day moving average price of $18.25. The firm has a market cap of $10.75 million, a PE ratio of 10.78 and a beta of 2.97.

Invesco Alerian Galaxy Crypto Economy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.3099 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC boosted its holdings in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,131 shares of the company’s stock after acquiring an additional 16,898 shares during the quarter. Jane Street Group LLC owned about 7.71% of Invesco Alerian Galaxy Crypto Economy ETF worth $952,000 as of its most recent filing with the SEC.

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.