Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) rose 0.8% during trading on Friday . The company traded as high as $34.74 and last traded at $34.68. Approximately 2,623 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 2,330 shares. The stock had previously closed at $34.42.
Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance
The firm has a market capitalization of $421.02 million, a PE ratio of 18.37 and a beta of 0.99. The stock’s 50-day moving average price is $35.55 and its 200 day moving average price is $34.40.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC raised its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Free Report) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,471 shares of the company’s stock after purchasing an additional 779 shares during the period. Private Advisor Group LLC owned about 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 as of its most recent filing with the Securities & Exchange Commission.
About Invesco S&P MidCap 400 QVM Multi-factor ETF
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.
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