Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) Stock Price Down 23.9% – Here’s What Happened

Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) shares fell 23.9% during mid-day trading on Wednesday . The company traded as low as $20.21 and last traded at $14.95. 16,936 shares traded hands during mid-day trading, The stock had previously closed at $19.63.

Invesco Alerian Galaxy Crypto Economy ETF Trading Down 23.9 %

The firm has a market cap of $8.97 million, a PE ratio of 9.49 and a beta of 3.01. The firm has a fifty day moving average price of $19.21 and a 200 day moving average price of $18.85.

Invesco Alerian Galaxy Crypto Economy ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given 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 of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco Alerian Galaxy Crypto Economy ETF stock. Jane Street Group LLC raised its position in Invesco Alerian Galaxy Crypto Economy ETF (BATS:SATO) by 71.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,233 shares of the company’s stock after buying an additional 13,800 shares during the period. Jane Street Group LLC owned approximately 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.