Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Stock Price Up 47.6% – Here’s Why

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO)’s share price rose 47.6% during mid-day trading on Tuesday . The company traded as high as $13.32 and last traded at $18.7150. Approximately 18,660 shares were traded during trading, an increase of 104% from the average daily volume of 9,139 shares. The stock had previously closed at $12.6837.

Invesco Alerian Galaxy Crypto Economy ETF Trading Up 47.6%

The business’s 50 day simple moving average is $23.41 and its 200 day simple moving average is $22.50. The firm has a market capitalization of $11.23 million, a PE ratio of 18.87 and a beta of 2.94.

Hedge Funds Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently bought a new position in Invesco Alerian Galaxy Crypto Economy ETF stock. CreativeOne Wealth LLC bought a new stake in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities & Exchange Commission.

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.