Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Stock Price Up 1.6% – Still a Buy?

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) traded up 1.6% during mid-day trading on Tuesday . The company traded as high as $20.85 and last traded at $19.95. 16,936 shares changed hands during mid-day trading, The stock had previously closed at $19.63.

Invesco Alerian Galaxy Crypto Economy ETF Price Performance

The stock’s 50-day moving average price is $21.08 and its 200 day moving average price is $18.61. The firm has a market cap of $12.96 million, a P/E ratio of 9.98 and a beta of 2.25.

Invesco Alerian Galaxy Crypto Economy ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $2.6426 dividend. This is an increase from Invesco Alerian Galaxy Crypto Economy ETF’s previous dividend of $0.02. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC raised its stake in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 71.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,233 shares of the company’s stock after purchasing an additional 13,800 shares during the period. Jane Street Group LLC owned 5.11% of Invesco Alerian Galaxy Crypto Economy ETF worth $518,000 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.