Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Stock Price Down 0.6% – Here’s Why

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT)’s stock price traded down 0.6% during mid-day trading on Thursday . The company traded as low as $17.73 and last traded at $17.73. Approximately 470 shares were traded during trading, a decline of 93% from the average session volume of 7,081 shares. The stock had previously closed at $17.83.

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

The stock’s fifty day simple moving average is $17.96 and its two-hundred day simple moving average is $18.10.

Institutional Trading of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 89.9% in the second quarter. Jane Street Group LLC now owns 39,699 shares of the company’s stock worth $619,000 after buying an additional 18,798 shares during the last quarter. WT Wealth Management bought a new position in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the fourth quarter valued at $1,155,000. Finally, Trek Financial LLC acquired a new stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF during the 4th quarter valued at $4,046,000.

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.