Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report) shares saw an uptick in trading volume on Thursday . 10,130 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 5,136 shares.The stock last traded at $40.70 and had previously closed at $40.73.

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

The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The stock’s 50-day simple moving average is $40.45 and its two-hundred day simple moving average is $39.46.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the second quarter valued at approximately $44,000. Jane Street Group LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth about $1,474,000. Axxcess Wealth Management LLC grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after acquiring an additional 103,945 shares in the last quarter. Colonial River Investments LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock valued at $8,383,000 after acquiring an additional 103,688 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its position in Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after purchasing an additional 1,338 shares during the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

(Get Free Report)

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.

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