CVY Stock Summary and Trading Ideas (Invesco Zacks Multi-Asset Income ETF | ARCA:CVY)

The Invesco Zacks Multi-Asset Income ETF (Fund) is based on the Zacks Multi-Asset Income Index (Index). The Fund will invest at least 90% of its total assets in securities and depositary receipts that comprise the Index. The Index is comprised of domestic and international companies, including US listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts (REITs), master limited partnerships (MLPs), closed-end funds and traditional preferred stocks. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced quarterly.

Invesco Zacks Multi-Asset Income ETF trades on the ARCA stock market under the symbol CVY.

As of May 6, 2024, CVY stock price climbed to $25.48 with 7,955 million shares trading.

CVY has a market cap of $115.96 million. This is considered a Micro Cap stock.

In the last 3 years, CVY stock traded as high as $25.97 and as low as $19.34.

CVY has underperformed the market in the last year with a price return of +27.7% while the SPY ETF gained +28.3%. However, in the short term, CVY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.9% vs +4.8% return in SPY. But in the last 2 weeks, CVY shares have been beat by the market, returning +3.1% compared to an SPY return of +4.3%.

CVY support price is $25.01 and resistance is $25.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CVY stock will trade within this expected range on the day.