Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Up 0.2% – Here’s Why

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s stock price traded up 0.2% during mid-day trading on Thursday . The company traded as high as $31.69 and last traded at $31.69. 3,673 shares changed hands during trading, an increase of 48% from the average session volume of 2,483 shares. The stock had previously closed at $31.62.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.2%

The company has a fifty day moving average price of $32.70 and a 200 day moving average price of $31.28. The stock has a market cap of $382.82 million, a PE ratio of 18.37 and a beta of 1.05.

Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC grew its stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,471 shares of the company’s stock after purchasing an additional 779 shares during the quarter. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent quarter.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.