Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 12-Month High – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.38 and last traded at $42.36, with a volume of 5250 shares traded. The stock had previously closed at $42.00.

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

The company’s 50-day moving average is $40.01 and its 200-day moving average is $40.08. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 23.98 and a beta of 0.98.

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

Institutional investors have recently bought and sold shares of the business. Colonial River Investments LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock valued at $8,383,000 after buying an additional 103,688 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after acquiring an additional 103,945 shares during the last quarter. RPg Family Wealth Advisory LLC increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after acquiring an additional 1,338 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock worth $3,155,000 after acquiring an additional 35,089 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth 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.