Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 52-Week High – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high on Friday . The stock traded as high as $42.17 and last traded at $42.16, with a volume of 3003 shares. The stock had previously closed at $41.85.

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

The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The firm has a fifty day simple moving average of $39.81 and a two-hundred day simple moving average of $39.98.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Colonial River Investments LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after purchasing an additional 103,688 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after purchasing an additional 103,945 shares during the period. RPg Family Wealth Advisory LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after purchasing an additional 1,338 shares during the period. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock worth $3,155,000 after purchasing an additional 35,089 shares during the period. Finally, Jane Street Group LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter valued at approximately $1,474,000.

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.