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

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) traded up 1.6% on Tuesday . The stock 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 Stock Up 1.6 %

The company has a market capitalization of $12.96 million, a P/E ratio of 9.98 and a beta of 2.25. The business has a 50 day simple moving average of $21.08 and a 200-day simple moving average of $18.61.

Invesco Alerian Galaxy Crypto Economy ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco Alerian Galaxy Crypto Economy ETF

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC boosted its holdings in shares of Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 71.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,233 shares of the company’s stock after purchasing an additional 13,800 shares during the quarter. Jane Street Group LLC owned about 5.11% of Invesco Alerian Galaxy Crypto Economy ETF worth $518,000 at the end of the most recent quarter.

About Invesco Alerian Galaxy Crypto Economy ETF

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.