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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw strong trading volume on Tuesday . 4,749 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 3,444 shares.The stock last traded at $32.14 and had previously closed at $31.81.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

The business has a fifty day moving average of $33.83 and a 200-day moving average of $34.54. The firm has a market capitalization of $1.09 billion, a P/E ratio of 22.78 and a beta of 0.98.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock valued at $698,000 after acquiring an additional 385 shares during the period. RPg Family Wealth Advisory LLC grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 2.2% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock valued at $5,960,000 after purchasing an additional 3,775 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $625,000.

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.