Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Trading Up 14.2% – Here’s Why

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

The firm’s 50 day moving average price is $19.70 and its two-hundred day moving average price is $22.36. The stock has a market cap of $8.69 million, a PE ratio of 18.87 and a beta of 2.94.

Institutional Investors Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

A hedge fund recently bought a new stake in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC purchased a new position in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 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.