Invesco Adds Agriculture Commodity ETF to Lineup
August 26, 2022
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Invesco Intrinsic Value –
Invesco($NYSE:IVZ) Ltd. has recently added the Invesco Agriculture Commodity Strategy No K-1 ETF to its lineup of exchange traded funds. This is an actively managed fund that invests in derivatives and other financially linked instruments in order to provide exposure to a diversified range of eleven different grains, livestock, and soft commodities. One key advantage of this fund is that it is organized as a 1940 Act Fund, which means that it issues a Form 1099 tax form rather than a Schedule K-1. This could be beneficial for investors who are looking to avoid the hassle of dealing with a K-1 tax form. It remains to be seen how this new addition will affect Invesco’s market share and earnings in the long term.
Stock Price
On Wednesday, Invesco stock opened at $17.6 and closed at $17.7, up by 0.3% from prior closing price of 17.6. The company has announced that it will be adding an agriculture commodity ETF to its lineup. This move is in line with Invesco’s focus on providing investors with access to a broad range of asset classes. The new ETF will provide exposure to a variety of agricultural commodities, including corn, wheat, soybeans, and coffee.
VI Analysis – Invesco Intrinsic Value
The company’s fundamentals are a reflection of its long-term potential. The intrinsic value of the company’s share is around $19.4, calculated by the VI Line. The stock is currently trading at $17.7, which is a fair price that is undervalued by 9%.
Summary
The Invesco DB Agriculture Fund tracks a basket of agriculture commodities including corn, soybeans, wheat, and livestock. The fund is designed to provide investors with exposure to the agriculture sector while mitigating some of the risk associated with investing in commodities. The fund is diversified across a number of different agriculture commodities, which helps to reduce the overall risk of the investment. The Invesco DB Agriculture Fund is a good option for investors looking for exposure to the agriculture sector. The fund offers diversification and a reasonable level of risk.
