Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Up 0.2% – Here’s Why

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) shot up 0.2% on Thursday . The company traded as high as $31.69 and last traded at $31.69. 3,673 shares changed hands during trading, an increase of 48% from the average session volume of 2,483 shares. The stock had previously closed at $31.62.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Performance

The stock has a market cap of $374.24 million, a P/E ratio of 18.37 and a beta of 1.05. The company has a 50-day simple moving average of $32.68 and a 200-day simple moving average of $31.29.

Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC lifted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,471 shares of the company’s stock after acquiring an additional 779 shares during the quarter. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 as of its most recent SEC filing.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.