Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 1-Year High – Time to Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $40.88 and last traded at $40.8260, with a volume of 4001 shares traded. The stock had previously closed at $40.83.

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

The company has a market cap of $1.52 billion, a P/E ratio of 23.98 and a beta of 0.97. The firm’s fifty day moving average is $40.02 and its two-hundred day moving average is $38.85.

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

Several institutional investors have recently made changes to their positions in QVML. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the second quarter worth $44,000. RPg Family Wealth Advisory LLC grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after acquiring an additional 1,338 shares in the last quarter. Advisory Services Network LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at $114,000. Finally, Jane Street Group LLC increased its holdings in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after acquiring an additional 9,043 shares during the last quarter.

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.