Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-high trading volume on Wednesday . Approximately 26,662 shares were traded during trading, an increase of 322% from the previous session’s volume of 6,324 shares.The stock last traded at $41.83 and had previously closed at $41.52.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.7%

The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The company’s 50-day moving average is $39.75 and its 200-day moving average is $39.95.

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

Large investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares during the last quarter. Bank of America Corp DE lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after purchasing an additional 10,191 shares during the last quarter. RPg Family Wealth Advisory LLC lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after purchasing an additional 1,338 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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. Finally, Advisory Services Network LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at approximately $114,000.

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.