Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Stock Price Down 0.5% – Here’s Why

Shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) fell 0.5% during trading on Tuesday . The company traded as low as $27.01 and last traded at $27.01. 33 shares changed hands during trading, a decline of 95% from the average session volume of 696 shares. The stock had previously closed at $27.15.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Price Performance

The business has a 50 day moving average of $26.86 and a 200 day moving average of $25.85. The firm has a market capitalization of $196.61 million, a price-to-earnings ratio of 14.74 and a beta of 1.12.

Institutional Trading of Invesco S&P SmallCap 600 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Cobblestone Capital Advisors LLC NY raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,721 shares of the company’s stock after acquiring an additional 2,769 shares during the period. Cobblestone Capital Advisors LLC NY owned about 0.71% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $1,286,000 as of its most recent SEC filing.

About Invesco S&P SmallCap 600 QVM Multi-factor ETF

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.