Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) saw strong trading volume on Wednesday . Approximately 17,482 shares changed hands during trading, an increase of 119% from the previous session’s volume of 7,971 shares.The stock last traded at $45.89 and had previously closed at $45.84.
Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.0%
The stock has a market cap of $1.53 billion, a PE ratio of 23.98 and a beta of 0.97. The firm has a fifty day simple moving average of $44.15 and a two-hundred day simple moving average of $41.97.
Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF
Institutional investors have recently added to or reduced their stakes in the company. Colonial River Investments LLC raised its holdings in Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after buying an additional 103,688 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after buying an additional 103,945 shares during the last quarter. Jane Street Group LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth about $1,474,000. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% in the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after purchasing an additional 35,089 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 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.
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