Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) shares shot up 0% on Monday . The stock traded as high as $44.03 and last traded at $43.88. 2,950 shares were traded during mid-day trading, a decline of 55% from the average session volume of 6,529 shares. The stock had previously closed at $43.87.
Invesco S&P 500 QVM Multi-factor ETF Stock Performance
The firm has a market capitalization of $1.47 billion, a P/E ratio of 23.98 and a beta of 0.97. The stock has a 50 day moving average of $44.08 and a 200-day moving average of $41.81.
Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF
Several large investors have recently modified their holdings of the business. Axxcess Wealth Management LLC lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after purchasing an additional 103,945 shares in the last quarter. Colonial River Investments LLC grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the 4th quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock valued at $8,383,000 after buying an additional 103,688 shares in the last quarter. Jane Street Group LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at about $1,474,000. LPL Financial LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after buying an additional 35,089 shares during the period. Finally, Bank of America Corp DE increased its position in shares of 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 valued at $1,254,000 after buying an additional 10,191 shares during the period.
About Invesco S&P 500 QVM Multi-factor ETF
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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