Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) saw unusually-strong trading volume on Wednesday. 71,982 shares traded hands during trading, an increase of 161% from the average daily volume of 27,623 shares. The stock last traded at $45.6310 and had previously closed at $44.98.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The business has a fifty day moving average of $45.46 and a 200-day moving average of $43.10. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in QVML. Kestra Advisory Services LLC grew its position in Invesco S&P 500 QVM Multi-factor ETF by 29.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 31,592 shares of the company’s stock worth $1,426,000 after purchasing an additional 7,127 shares in the last quarter. TFB Advisors LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at $245,000. Richardson Financial Services Inc. acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth $60,000. Ascent Group LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth $235,000. Finally, Avestar Capital LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at $1,471,000.
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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