Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Wednesday . 17,482 shares were traded during mid-day trading, an increase of 119% from the previous session’s volume of 7,971 shares.The stock last traded at $45.89 and had previously closed at $45.84.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.0%

The stock has a market capitalization of $1.53 billion, a P/E ratio of 23.98 and a beta of 0.97. The firm has a 50-day moving average of $44.15 and a 200 day moving average of $41.97.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at about $114,000. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $205,000 after buying an additional 963 shares during the last quarter. Osaic Holdings Inc. raised its position in Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after purchasing 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 during the fourth quarter worth approximately $233,000. Finally, Jane Street Group LLC grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first 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 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.