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

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) shares traded up 14.2% during trading on Thursday . The company traded as high as $13.32 and last traded at $14.4910. 18,660 shares changed 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 14.2%

The stock has a fifty day moving average of $19.70 and a 200-day moving average of $22.36. The stock has a market capitalization of $8.69 million, a price-to-earnings ratio of 18.87 and a beta of 2.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC purchased a new stake in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,941 shares of the company’s stock, valued at approximately $359,000. CreativeOne Wealth LLC owned about 3.16% of Invesco Alerian Galaxy Crypto Economy ETF 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.