Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Trading Down 0.6% – Here’s What Happened

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) shares were down 0.6% on Thursday . The company traded as low as $17.73 and last traded at $17.73. 470 shares traded hands during mid-day 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 business’s 50-day simple moving average is $17.98 and its two-hundred day simple moving average is $18.10.

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

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF by 89.9% during the second quarter. Jane Street Group LLC now owns 39,699 shares of the company’s stock worth $619,000 after purchasing an additional 18,798 shares in the last quarter. WT Wealth Management purchased a new stake in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF in the fourth quarter valued at approximately $1,155,000. Finally, Trek Financial LLC acquired a new position in shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF during the 4th quarter worth approximately $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.