Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) shares saw an uptick in trading volume on Friday . 20,912 shares changed hands during trading, an increase of 460% from the previous session’s volume of 3,735 shares.The stock last traded at $33.30 and had previously closed at $32.91.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The stock has a market capitalization of $1.16 billion, a P/E ratio of 23.84 and a beta of 0.98. The stock’s 50-day simple moving average is $35.20 and its 200 day simple moving average is $34.66.
Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF
A number of institutional investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 2.2% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock worth $5,960,000 after purchasing an additional 3,775 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock valued at $698,000 after acquiring an additional 385 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $625,000.
About Invesco S&P 500 QVM Multi-factor ETF
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.
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