Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Thursday . Approximately 47,345 shares were traded during mid-day trading, an increase of 1,264% from the previous session’s volume of 3,470 shares.The stock last traded at $33.98 and had previously closed at $33.54.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

The stock has a market cap of $1.18 billion, a PE ratio of 23.84 and a beta of 0.98. The stock has a fifty day moving average price of $35.11 and a 200 day moving average price of $34.68.

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

Several hedge funds have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 2.2% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock valued at $5,960,000 after buying an additional 3,775 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 385 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $625,000.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.