Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw strong trading volume on Wednesday . 26,662 shares were traded during trading, an increase of 322% from the previous session’s volume of 6,324 shares.The stock last traded at $41.83 and had previously closed at $41.52.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.7%

The business’s 50 day moving average is $39.75 and its two-hundred day moving average is $39.95. The firm has a market cap of $1.55 billion, a P/E ratio of 23.98 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds have recently bought and sold shares of QVML. Advisory Services Network LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth $114,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after buying an additional 963 shares during the last quarter. Osaic Holdings Inc. raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after buying an additional 3,886 shares during the last quarter. HRT Financial LP bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth $233,000. Finally, Jane Street Group LLC raised its stake in 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 worth $726,000 after buying an additional 9,043 shares during 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.