Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Shares Up 2.5% – Still a Buy?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) shares rose 2.5% on Monday . The stock traded as high as $15.74 and last traded at $15.74. Approximately 1,482 shares were traded during mid-day trading, a decline of 68% from the average session volume of 4,686 shares. The stock had previously closed at $15.35.

Invesco Alerian Galaxy Crypto Economy ETF Stock Down 1.1%

The business has a 50-day simple moving average of $16.89 and a 200-day simple moving average of $16.93. The stock has a market cap of $9.46 million, a P/E ratio of 18.87 and a beta of 2.94.

Institutional Inflows and Outflows

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

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.