Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 12-Month High – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $44.86 and last traded at $44.86, with a volume of 1919 shares. The stock had previously closed at $44.44.

Invesco S&P 500 QVM Multi-factor ETF Price Performance

The business has a 50-day moving average of $44.15 and a 200-day moving average of $41.97. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $114,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after buying an additional 3,886 shares in the last quarter. HRT Financial LP acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth $233,000. Finally, Jane Street Group LLC increased its holdings 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 buying an additional 9,043 shares during the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

(Get Free Report)

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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