Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Time to Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-high trading volume on Thursday . Approximately 10,130 shares were traded during mid-day trading, an increase of 97% from the previous session’s volume of 5,136 shares.The stock last traded at $40.70 and had previously closed at $40.73.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 1.7%

The stock has a 50-day moving average of $40.45 and a 200 day moving average of $39.44. The stock has a market cap of $1.49 billion, a PE ratio of 23.98 and a beta of 0.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QVML. Jane Street Group LLC grew its position in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 64.0% in the second quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock worth $4,598,000 after buying an additional 49,018 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the second quarter worth about $44,000. Bank of America Corp DE raised its position in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after acquiring an additional 10,191 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its position in Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the third quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after acquiring an additional 1,338 shares in 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.