Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 21,651 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 12,848 shares.The stock last traded at $39.15 and had previously closed at $39.00.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 23.98 and a beta of 0.98. The stock has a fifty day moving average of $38.07 and a two-hundred day moving average of $35.60.
Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. ArborFi Advisors LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the first quarter valued at $363,000. Colonial River Investments LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth about $3,085,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth about $137,000. Municipal Employees Retirement System of Michigan grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 12.4% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 34,132,010 shares of the company’s stock worth $1,143,317,000 after acquiring an additional 3,758,630 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth about $2,564,000.
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.
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