Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Friday . Approximately 31,072 shares were traded during trading, an increase of 280% from the previous session’s volume of 8,171 shares.The stock last traded at $39.10 and had previously closed at $39.23.

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

The company has a market capitalization of $1.44 billion, a PE ratio of 23.98 and a beta of 0.97. The stock’s 50 day simple moving average is $40.39 and its 200-day simple moving average is $39.81.

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

Several large investors have recently added to or reduced their stakes in QVML. 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 buying an additional 103,945 shares in the last quarter. Colonial River Investments LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after acquiring an additional 103,688 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth $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 worth $3,155,000 after acquiring an additional 35,089 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of 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 valued at $1,254,000 after acquiring an additional 10,191 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.