Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Stock Price Down 0.6% – What’s Next?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s stock price dropped 0.6% during mid-day trading on Monday . The stock traded as low as $30.67 and last traded at $30.67. Approximately 739 shares were traded during trading, a decline of 60% from the average daily volume of 1,849 shares. The stock had previously closed at $30.84.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.6%

The stock has a market cap of $373.86 million, a price-to-earnings ratio of 18.37 and a beta of 1.05. The business has a 50-day moving average of $30.19 and a 200-day moving average of $29.57.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC boosted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,471 shares of the company’s stock after acquiring an additional 779 shares during the quarter. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent reporting period.

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.