Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Up 0.8% – Still a Buy?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) shares shot up 0.8% during trading on Thursday . The stock traded as high as $35.32 and last traded at $35.32. Approximately 100 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,103 shares. The stock had previously closed at $35.03.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.1%

The company has a 50 day simple moving average of $35.28 and a two-hundred day simple moving average of $33.80. The company has a market capitalization of $429.15 million, a P/E ratio of 18.37 and a beta of 0.99.

Hedge Funds Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC increased its stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,471 shares of the company’s stock after purchasing an additional 779 shares during the quarter. Private Advisor Group LLC owned 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent quarter.

About Invesco S&P MidCap 400 QVM Multi-factor ETF

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.