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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-strong trading volume on Tuesday . Approximately 3,394 shares traded hands during trading, a decline of 10% from the previous session’s volume of 3,771 shares.The stock last traded at $35.24 and had previously closed at $35.31.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.3%

The business has a 50 day moving average price of $32.90 and a 200-day moving average price of $34.39. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 23.40 and a beta of 0.98.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 12.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 34,132,010 shares of the company’s stock valued at $1,143,317,000 after buying an additional 3,758,630 shares in the last quarter. RPg Family Wealth Advisory LLC raised its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 2.2% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock valued at $5,960,000 after purchasing an additional 3,775 shares during the last quarter. Colonial River Investments LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the first quarter valued at $3,085,000. Axxcess Wealth Management LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF during the first quarter worth about $2,564,000. Finally, Jane Street Group LLC lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after acquiring an additional 9,043 shares during the last quarter.

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.