Invesco S&P 500 QVM Multi-factor ETF $QVML Stake Lifted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) by 64.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 125,563 shares of the company’s stock after acquiring an additional 49,018 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 QVM Multi-factor ETF were worth $4,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in QVML. Municipal Employees Retirement System of Michigan grew its stake 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 buying an additional 3,758,630 shares during the last quarter. Colonial River Investments LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth $3,085,000. ArborFi Advisors LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth $363,000. Jane Street Group LLC grew its stake 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 buying an additional 9,043 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth $137,000.

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

Shares of QVML opened at $38.99 on Wednesday. The company has a market cap of $1.43 billion, a P/E ratio of 23.98 and a beta of 0.98. The stock has a fifty day moving average price of $38.55 and a 200 day moving average price of $36.04. Invesco S&P 500 QVM Multi-factor ETF has a 12 month low of $28.80 and a 12 month high of $39.67.

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.