Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) Shares Up 0.3% – Still a Buy?

Shares of Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ:EVMT) rose 0.3% on Friday. The stock traded as high as $16.77 and last traded at $16.7650. 4,596 shares were traded during mid-day trading, a decline of 27% from the average session volume of 6,322 shares. The stock had previously closed at $16.71.

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

The stock’s 50-day moving average is $17.59 and its 200-day moving average is $18.08.

Institutional Inflows and Outflows

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

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF Company Profile

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.