Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Should You Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Tuesday . Approximately 3,313 shares changed hands during mid-day trading, a decline of 19% from the previous session’s volume of 4,072 shares.The stock last traded at $35.55 and had previously closed at $35.66.

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

The stock’s 50-day moving average is $35.33 and its two-hundred day moving average is $34.53. The company has a market capitalization of $1.22 billion, a PE ratio of 26.11 and a beta of 0.98.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently added to or reduced their stakes in QVML. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth $625,000. Envestnet Asset Management Inc. boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after buying an additional 385 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $5,727,000.

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.