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) reached a new 52-week high on Tuesday . The company traded as high as $44.34 and last traded at $44.34, with a volume of 1189 shares. The stock had previously closed at $43.86.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.5%

The business’s 50 day simple moving average is $41.05 and its two-hundred day simple moving average is $40.50. The stock has a market cap of $1.64 billion, a P/E ratio of 23.98 and a beta of 0.97.

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

A number of hedge funds have recently modified their holdings of the business. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,182 shares of the company’s stock worth $8,364,000 after purchasing an additional 103,628 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after purchasing an additional 3,886 shares during the period. Jane Street Group LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth $1,474,000. HRT Financial LP acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth $233,000. Finally, 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.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.