Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Shares Down 0.9% – What’s Next?

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) traded down 0.9% during trading on Wednesday . The company traded as low as $28.91 and last traded at $28.91. 457 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 670 shares. The stock had previously closed at $29.19.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Price Performance

The company has a market cap of $206.02 million, a price-to-earnings ratio of 14.74 and a beta of 1.12. The business’s 50-day simple moving average is $27.24 and its 200-day simple moving average is $26.22.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Cobblestone Capital Advisors LLC NY grew its position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,721 shares of the company’s stock after acquiring an additional 2,769 shares during the quarter. Cobblestone Capital Advisors LLC NY owned about 0.71% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $1,286,000 at the end of the most recent quarter.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.