Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Up 0.2% – Time to Buy?

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) shot up 0.2% during mid-day trading on Monday . The company traded as high as $36.00 and last traded at $35.66. 1,609 shares were traded during trading, a decline of 33% from the average session volume of 2,404 shares. The stock had previously closed at $35.58.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Up 0.2%

The firm has a market capitalization of $432.91 million, a PE ratio of 18.37 and a beta of 1.00. The business has a 50 day moving average price of $34.19 and a 200-day moving average price of $32.79.

Hedge Funds Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC lifted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,471 shares of the company’s stock after buying an additional 779 shares during the period. Private Advisor Group LLC owned about 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent reporting period.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.