Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.67 and last traded at $43.59, with a volume of 1846 shares traded. The stock had previously closed at $43.53.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The firm has a market capitalization of $1.61 billion, a PE ratio of 23.98 and a beta of 0.97. The stock has a 50-day moving average price of $40.29 and a 200-day moving average price of $40.23.
Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF
A number of hedge funds have recently bought and sold shares of QVML. Jane Street Group LLC grew its stake in 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 worth $726,000 after purchasing an additional 9,043 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 shares in the last quarter. RPg Family Wealth Advisory LLC grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after purchasing an additional 1,338 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after purchasing an additional 963 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth about $114,000.
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.
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