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 an uptick in trading volume on Wednesday . 4,441 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 4,039 shares.The stock last traded at $35.76 and had previously closed at $35.58.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.2 %

The firm has a market capitalization of $1.10 billion, a P/E ratio of 25.29 and a beta of 0.98. The firm has a 50 day moving average price of $35.12 and a 200-day moving average price of $33.98.

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

Several institutional investors have recently made changes to their positions in QVML. Cetera Investment Advisers grew its position in Invesco S&P 500 QVM Multi-factor ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock valued at $4,546,000 after acquiring an additional 1,390 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at $5,727,000. Finally, Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at $625,000.

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.