Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 52-Week High – Should You Buy?

Posted by Latisha Jones on Feb 15th, 2025

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.19 and last traded at $36.19, with a volume of 592 shares trading hands. The stock had previously closed at $35.83.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.1 %

The company has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $34.30. The company has a market capitalization of $1.11 billion, a PE ratio of 25.29 and a beta of 0.98.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at about $625,000. RPg Family Wealth Advisory LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $5,727,000. Finally, Envestnet Asset Management Inc. grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after buying an additional 385 shares during the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

(Get Free Report)

The Invesco S&P 500 QVM Multi-factor ETF (QVML) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index that selects the top 90% of stocks in the S&P 500 based on three factors: quality, value, and momentum. QVML was launched on Jun 30, 2021 and is managed by Invesco.