Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Stock Price Down 1.8% – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMSGet Free Report) was down 1.8% during trading on Friday . The company traded as low as $32.45 and last traded at $32.45. Approximately 12 shares changed hands during trading, a decline of 99% from the average daily volume of 952 shares. The stock had previously closed at $33.03.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Down 1.8%

The business has a 50-day moving average price of $31.44 and a 200 day moving average price of $30.10. The stock has a market cap of $237.86 million, a PE ratio of 16.36 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the 4th quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock valued at $922,000 after buying an additional 614 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 4th quarter valued at $2,355,000. Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 2nd quarter worth about $226,000. Finally, Cobblestone Capital Advisors LLC NY lifted its holdings in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 105,588 shares of the company’s stock worth $2,954,000 after purchasing an additional 1,618 shares in the last quarter.

About Invesco S&P SmallCap 600 QVM Multi-factor ETF

(Get Free Report)

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.

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