Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Trading 1% Higher – Should You Buy?

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT)’s stock price was up 1% on Thursday . The company traded as high as $18.38 and last traded at $17.57. 2,383 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 8,405 shares. The stock had previously closed at $17.40.

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF Price Performance

The stock has a fifty day simple moving average of $18.86 and a 200-day simple moving average of $18.05.

Hedge Funds Weigh In On Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

A number of hedge funds have recently bought and sold shares of EVMT. WT Wealth Management lifted its holdings in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 22.8% during the first quarter. WT Wealth Management now owns 83,627 shares of the company’s stock valued at $1,493,000 after purchasing an additional 15,532 shares in the last quarter. Trek Financial LLC acquired a new stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the fourth quarter valued at approximately $4,046,000. Finally, Jane Street Group LLC raised its holdings in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 89.9% during the 2nd quarter. Jane Street Group LLC now owns 39,699 shares of the company’s stock worth $619,000 after acquiring an additional 18,798 shares during the period.

About Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

The Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund consisting of commodity-linked futures and other financial instruments that provide exposure to the various metals used to produce electric vehicles. EVMT was launched on Apr 27, 2022 and is managed by Invesco.