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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Monday . Approximately 1,615 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 1,368 shares.The stock last traded at $35.24 and had previously closed at $34.90.

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

The company has a market cap of $1.08 billion, a P/E ratio of 25.29 and a beta of 0.98. The company has a fifty day moving average price of $35.03 and a two-hundred day moving average price of $33.76.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $625,000. RPg Family Wealth Advisory LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $5,727,000. Finally, Cetera Investment Advisers lifted its position in Invesco S&P 500 QVM Multi-factor ETF by 1.0% during the second quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock worth $4,546,000 after acquiring an additional 1,390 shares during the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.