Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 16,528 shares traded hands during trading, an increase of 151% from the previous session’s volume of 6,598 shares.The stock last traded at $43.93 and had previously closed at $43.88.
Invesco S&P 500 QVM Multi-factor ETF Trading Up 2.1%
The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The business has a 50-day moving average price of $44.08 and a two-hundred day moving average price of $41.85.
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 boosted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,182 shares of the company’s stock valued at $8,364,000 after acquiring an additional 103,628 shares during the period. Osaic Holdings Inc. increased its holdings in shares of 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 acquiring an additional 3,886 shares during the period. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter worth about $1,474,000. HRT Financial LP bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter valued at about $233,000. Finally, LPL Financial LLC lifted its position in Invesco S&P 500 QVM Multi-factor ETF by 80.8% in the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after purchasing an additional 35,089 shares during 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.
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