Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Stock Price Up 1.5% – Here’s Why

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) shares traded up 1.5% during trading on Monday . The company traded as high as $20.85 and last traded at $19.92. 16,936 shares changed hands during mid-day trading, The stock had previously closed at $19.63.

Invesco Alerian Galaxy Crypto Economy ETF Stock Performance

The stock has a market capitalization of $12.94 million, a PE ratio of 9.98 and a beta of 2.25. The stock’s 50-day moving average is $22.28 and its 200 day moving average is $18.24.

Invesco Alerian Galaxy Crypto Economy ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

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