Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-strong trading volume on Thursday . Approximately 10,130 shares traded hands during trading, an increase of 97% from the previous session’s volume of 5,136 shares.The stock last traded at $40.70 and had previously closed at $40.73.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 1.7%

The firm’s fifty day moving average price is $40.45 and its two-hundred day moving average price is $39.44. The stock has a market capitalization of $1.49 billion, a PE ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 64.0% in the second quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock valued at $4,598,000 after purchasing an additional 49,018 shares during the period. Private Trust Co. NA acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the second quarter valued at approximately $44,000. Bank of America Corp DE increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after buying an additional 1,338 shares during the period.

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.