Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw strong trading volume on Tuesday . 5,002 shares changed hands during trading, a decline of 2% from the previous session’s volume of 5,094 shares.The stock last traded at $35.41 and had previously closed at $35.84.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.6 %

The company has a market cap of $1.09 billion, a P/E ratio of 25.29 and a beta of 0.98. The firm’s 50 day moving average is $35.16 and its two-hundred day moving average is $34.03.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently modified their holdings of QVML. RPg Family Wealth Advisory LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth $5,727,000. Cetera Investment Advisers raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock worth $4,546,000 after buying an additional 1,390 shares during the period. Finally, Jane Street Group LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth approximately $625,000.

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.