Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $42.83 and last traded at $42.74, with a volume of 7726 shares traded. The stock had previously closed at $42.36.
Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.9%
The firm’s fifty day simple moving average is $40.05 and its two-hundred day simple moving average is $40.12. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in QVML. Jane Street Group LLC increased its stake in 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 acquiring an additional 9,043 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after purchasing an additional 10,191 shares during the last quarter. RPg Family Wealth Advisory LLC lifted its stake 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the 3rd 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 during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $114,000.
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.
Further Reading
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