Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 52-Week High – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $44.34 and last traded at $44.34, with a volume of 1189 shares. The stock had previously closed at $43.86.

Invesco S&P 500 QVM Multi-factor ETF Price Performance

The company has a market cap of $1.64 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The business’s fifty day moving average price is $41.05 and its 200 day moving average price is $40.50.

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

Several hedge funds and other institutional investors have recently bought and sold shares of QVML. Advisory Services Network LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at $114,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares during the period. Osaic Holdings Inc. lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after buying an additional 3,886 shares during the period. HRT Financial LP acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter valued at $233,000. Finally, Jane Street Group LLC lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after buying an additional 9,043 shares during the period.

About Invesco S&P 500 QVM Multi-factor ETF

(Get Free Report)

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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