Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Stock Price Up 2.3% – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s share price was up 2.3% on Monday . The stock traded as high as $25.35 and last traded at $25.35. Approximately 276 shares traded hands during trading, a decline of 70% from the average daily volume of 927 shares. The stock had previously closed at $24.79.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Down 0.6 %

The company’s fifty day moving average price is $26.57 and its two-hundred day moving average price is $27.30. The company has a market cap of $184.38 million, a price-to-earnings ratio of 15.91 and a beta of 1.06.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a dividend of $0.0488 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. LPL Financial LLC grew its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,267 shares of the company’s stock after acquiring an additional 1,629 shares during the period. LPL Financial LLC owned 0.39% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

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.