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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw an uptick in trading volume on Monday . 6,082 shares traded hands during trading, an increase of 73% from the previous session’s volume of 3,520 shares.The stock last traded at $31.04 and had previously closed at $31.34.

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

The company has a market cap of $1.10 billion, a PE ratio of 22.78 and a beta of 0.98. The firm has a 50-day simple moving average of $33.45 and a two-hundred day simple moving average of $34.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QVML. Jane Street Group LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at approximately $625,000. Envestnet Asset Management Inc. grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after acquiring an additional 385 shares during the period. Finally, RPg Family Wealth Advisory LLC grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 2.2% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock worth $5,960,000 after acquiring an additional 3,775 shares during the period.

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.