Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Shares Up 0.5% – Should You Buy?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO)’s stock price was up 0.5% during mid-day trading on Wednesday. The company traded as high as $14.88 and last traded at $14.53. 3,916 shares were traded during trading, an increase of 7% from the average session volume of 3,644 shares. The stock had previously closed at $14.46.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

The stock has a market capitalization of $8.14 million, a PE ratio of 18.87 and a beta of 2.94. The stock’s 50 day moving average is $17.35 and its two-hundred day moving average is $16.93.

Hedge Funds Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

A hedge fund recently bought a new position in Invesco Alerian Galaxy Crypto Economy ETF stock. M Holdings Securities Inc. acquired a new stake in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,979 shares of the company’s stock, valued at approximately $195,000. M Holdings Securities Inc. owned about 2.00% of Invesco Alerian Galaxy Crypto Economy ETF at the end of the most recent quarter.

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.