Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Trading 1% Higher

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) traded up 1% on Friday . The company traded as high as $33.47 and last traded at $33.47. 666 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 3,820 shares. The stock had previously closed at $33.14.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 1.0 %

The stock has a market cap of $1.03 billion, a P/E ratio of 25.29 and a beta of 0.98. The business has a 50 day moving average price of $32.58 and a two-hundred day moving average price of $31.42.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

An institutional investor recently bought a new position in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers bought a new position in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned approximately 0.45% of Invesco S&P 500 QVM Multi-factor ETF at the end of the most recent 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.