Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 12-Month High – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares hit a new 52-week high on Monday . The stock traded as high as $40.88 and last traded at $40.8260, with a volume of 4001 shares traded. The stock had previously closed at $40.83.

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

The company has a market capitalization of $1.52 billion, a PE ratio of 23.98 and a beta of 0.97. The company’s fifty day moving average is $40.02 and its 200-day moving average is $38.85.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Private Trust Co. NA purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter worth $44,000. Advisory Services Network LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at about $114,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after purchasing an additional 963 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after buying an additional 9,043 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares in the last quarter.

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.