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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report) saw strong trading volume on Monday . 26,697 shares were traded during trading, an increase of 306% from the previous session’s volume of 6,574 shares.The stock last traded at $43.72 and had previously closed at $43.30.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.0%

The company has a 50-day moving average price of $43.45 and a two-hundred day moving average price of $41.23. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds have recently added to or reduced their stakes in QVML. Northwestern Mutual Wealth Management Co. lifted its stake 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. RPg Family Wealth Advisory LLC grew its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after buying an additional 1,338 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $114,000. Osaic Holdings Inc. increased its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after acquiring an additional 3,886 shares in the last quarter. Finally, HRT Financial LP bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter valued at $233,000.

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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