Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Stock Price Down 1.3% – Here’s Why

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT)’s share price dropped 1.3% during trading on Thursday. The company traded as low as $17.21 and last traded at $17.3250. Approximately 13,673 shares changed hands during trading, an increase of 103% from the average session volume of 6,744 shares. The stock had previously closed at $17.55.

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

The stock has a 50-day moving average of $17.79 and a 200 day moving average of $18.13.

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

A hedge fund recently raised its position in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF stock. WT Wealth Management lifted its holdings in Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) by 22.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,627 shares of the company’s stock after acquiring an additional 15,532 shares during the quarter. WT Wealth Management owned 27.88% of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF worth $1,493,000 as of its most recent SEC filing.

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.