Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Wednesday . Approximately 21,090 shares were traded during trading, an increase of 96% from the previous session’s volume of 10,747 shares.The stock last traded at $45.27 and had previously closed at $45.28.

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

The business has a 50-day moving average of $44.58 and a 200 day moving average of $42.50. The company has a market cap of $1.51 billion, a PE ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds have recently modified their holdings of QVML. Advisory Services Network LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at $114,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after buying an additional 963 shares during the period. Osaic Holdings Inc. increased its stake in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after buying an additional 3,886 shares in the last quarter. HRT Financial LP bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth about $233,000. Finally, Jane Street Group LLC grew its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during 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.

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.