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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during trading on Monday . The stock traded as high as $44.86 and last traded at $44.86, with a volume of 1919 shares trading hands. The stock had previously closed at $44.44.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 1.2%

The stock’s 50 day moving average price is $44.10 and its two-hundred day moving average price is $41.90. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at $114,000. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after acquiring an additional 963 shares during the period. Osaic Holdings Inc. raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the 4th 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 last quarter. HRT Financial LP purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter valued at approximately $233,000. Finally, Jane Street Group LLC raised 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.

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.