Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Wednesday . Approximately 329,189 shares changed hands during mid-day trading, an increase of 3,799% from the previous session’s volume of 8,443 shares.The stock last traded at $45.80 and had previously closed at $45.68.

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

The stock has a market capitalization of $1.53 billion, a PE ratio of 23.98 and a beta of 0.97. The company has a 50 day moving average price of $44.26 and a 200-day moving average price of $42.16.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Large investors have recently added to or reduced their stakes in the stock. Colonial River Investments LLC raised its holdings in Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the 4th quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after purchasing an additional 103,688 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after purchasing an additional 103,945 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter valued at about $1,474,000. LPL Financial LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after buying an additional 35,089 shares during the period. Finally, Bank of America Corp DE raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after buying an additional 10,191 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.