Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Trading Up 0.8% – What’s Next?

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s stock price rose 0.8% on Friday . The stock traded as high as $34.78 and last traded at $34.78. 3,937 shares changed hands during mid-day trading, an increase of 198% from the average daily volume of 1,320 shares. The stock had previously closed at $34.49.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Up 0.8%

The stock’s 50-day moving average is $32.60 and its 200-day moving average is $30.72. The company has a market cap of $254.94 million, a price-to-earnings ratio of 16.36 and a beta of 1.02.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of QVMS. Captrust Financial Advisors bought a new position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 4th quarter worth about $2,355,000. Jane Street Group LLC bought a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF in the 2nd quarter valued at about $226,000. Cobblestone Capital Advisors LLC NY increased its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 105,588 shares of the company’s stock valued at $2,954,000 after buying an additional 1,618 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the 4th quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock worth $922,000 after buying an additional 614 shares during the period.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.