Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-strong trading volume on Wednesday . Approximately 39,232 shares changed hands during mid-day trading, an increase of 513% from the previous session’s volume of 6,396 shares.The stock last traded at $43.50 and had previously closed at $43.67.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.6%

The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The stock’s 50 day moving average is $42.53 and its 200 day moving average is $40.93.

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

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at about $114,000. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after acquiring an additional 963 shares during the last quarter. Osaic Holdings Inc. grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after acquiring an additional 3,886 shares during the last quarter. HRT Financial LP acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter valued at about $233,000. Finally, Jane Street Group LLC grew its stake 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.