Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 52-Week High – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $34.80 and last traded at $34.80, with a volume of 201 shares. The stock had previously closed at $34.13.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 2.5 %

The firm has a market capitalization of $1.07 billion, a PE ratio of 25.29 and a beta of 0.98. The company’s 50-day simple moving average is $33.73 and its 200 day simple moving average is $32.55.

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

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 Form 13F filing with the Securities and Exchange Commission. The fund bought 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned about 0.45% of Invesco S&P 500 QVM Multi-factor ETF at the end of the most recent 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.