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:QVMLGet Free Report) saw an uptick in trading volume on Monday . 1,615 shares were traded during 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 Up 0.7 %

The firm has a market cap of $1.08 billion, a P/E ratio of 25.29 and a beta of 0.98. The stock’s 50-day simple moving average is $35.03 and its 200 day simple moving average is $33.76.

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

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth approximately $625,000. RPg Family Wealth Advisory LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth approximately $5,727,000. Finally, Cetera Investment Advisers lifted its stake 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 worth $4,546,000 after purchasing an additional 1,390 shares in the last quarter.

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

(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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