Axxcess Wealth Management LLC lowered its holdings in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Free Report) by 16.7% in the third quarter, Holdings Channel reports. The firm owned 104,554 shares of the company’s stock after selling 21,009 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 QVM Multi-factor ETF were worth $4,106,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QVML. Private Trust Co. NA acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter worth about $44,000. Jane Street Group LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after acquiring an additional 9,043 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after acquiring an additional 10,191 shares in the last quarter.
Invesco S&P 500 QVM Multi-factor ETF Stock Performance
Shares of NYSEARCA QVML opened at $40.40 on Thursday. The stock has a 50 day moving average price of $40.45 and a 200 day moving average price of $39.54. The stock has a market capitalization of $1.50 billion, a PE ratio of 23.98 and a beta of 0.97. Invesco S&P 500 QVM Multi-factor ETF has a 52 week low of $28.80 and a 52 week high of $41.06.
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.
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