Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 52-Week High – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $35.39 and last traded at $35.39, with a volume of 449 shares traded. The stock had previously closed at $35.25.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.5 %

The business has a fifty day simple moving average of $34.33 and a two-hundred day simple moving average of $33.02. The company has a market cap of $1.09 billion, a PE ratio of 25.29 and a beta of 0.98.

Institutional Investors 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. Jane Street Group LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth about $625,000. Cetera Investment Advisers purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the 1st quarter valued at approximately $4,324,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at approximately $5,727,000.

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.