Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 12-Month High – Time to Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.62 and last traded at $34.62, with a volume of 435 shares trading hands. The stock had previously closed at $34.40.

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

The firm has a 50 day moving average price of $33.20 and a 200-day moving average price of $32.14. The company has a market cap of $1.06 billion, a P/E ratio of 25.29 and a beta of 0.98.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned approximately 0.45% of Invesco S&P 500 QVM Multi-factor ETF at the end of the most recent reporting period.

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.