Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $41.06 and last traded at $40.6110, with a volume of 853 shares changing hands. The stock had previously closed at $40.73.

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

The firm has a market capitalization of $1.51 billion, a PE ratio of 23.98 and a beta of 0.97. The stock’s 50-day moving average price is $40.44 and its 200 day moving average price is $39.43.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the second quarter valued at about $44,000. Axxcess Wealth Management LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 64.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock valued at $4,598,000 after purchasing an additional 49,018 shares during the period. RPg Family Wealth Advisory LLC raised its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after purchasing an additional 1,338 shares in the last quarter. Colonial River Investments LLC lifted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the 4th quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after purchasing an additional 103,688 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after purchasing an additional 963 shares in the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

(Get Free Report)

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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