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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Monday . Approximately 26,697 shares were traded during trading, an increase of 306% from the previous session’s volume of 6,574 shares.The stock last traded at $43.72 and had previously closed at $43.30.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.0%

The business has a 50-day simple moving average of $43.45 and a 200 day simple moving average of $41.23. The stock has a market cap of $1.62 billion, a P/E ratio of 23.98 and a beta of 0.97.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $114,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 purchasing an additional 963 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after buying an additional 3,886 shares during the period. HRT Financial LP acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth $233,000. Finally, Jane Street Group LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after buying 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.