Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.87 and last traded at $39.91, with a volume of 1155 shares. The stock had previously closed at $39.51.
Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.0%
The stock has a market cap of $1.47 billion, a PE ratio of 23.98 and a beta of 0.98. The company’s 50 day moving average is $38.81 and its 200-day moving average is $36.48.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in QVML. Municipal Employees Retirement System of Michigan grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 12.4% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 34,132,010 shares of the company’s stock worth $1,143,317,000 after acquiring an additional 3,758,630 shares in the last quarter. Colonial River Investments LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth $3,085,000. Axxcess Wealth Management LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth $2,564,000. ArborFi Advisors LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth $363,000. Finally, Bank of America Corp DE grew its holdings in 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 acquiring 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.
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