Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Down 0.4% – Here’s What Happened

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s share price traded down 0.4% during trading on Thursday . The stock traded as low as $32.55 and last traded at $32.55. 2,761 shares were traded during trading, an increase of 432% from the average session volume of 519 shares. The stock had previously closed at $32.68.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 3.1%

The business’s 50 day moving average is $31.73 and its 200-day moving average is $30.62. The firm has a market cap of $405.28 million, a P/E ratio of 18.37 and a beta of 1.05.

Hedge Funds 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. Empirical Asset Management LLC grew its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,526 shares of the company’s stock after buying an additional 913 shares during the period. Empirical Asset Management LLC owned 0.46% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,625,000 as of its most recent filing with the Securities and 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.