Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Stock Price Up 0.8% – Still a Buy?

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

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

The company has a market cap of $254.94 million, a PE ratio of 16.36 and a beta of 1.02. The business has a 50-day simple moving average of $32.60 and a 200-day simple moving average of $30.72.

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

A number of institutional investors have recently modified their holdings of QVMS. Captrust Financial Advisors purchased a new stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the 4th quarter valued at $2,355,000. LPL Financial LLC boosted its holdings 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 valued at $922,000 after acquiring an additional 614 shares during the period. Cobblestone Capital Advisors LLC NY boosted its holdings in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 105,588 shares of the company’s stock valued at $2,954,000 after acquiring an additional 1,618 shares during the period. Finally, Jane Street Group LLC purchased a new position in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the 2nd quarter valued at about $226,000.

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.