Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Shares Up 0% – Still a Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) were up 0% during mid-day trading on Monday . The company traded as high as $44.03 and last traded at $43.88. 2,950 shares changed hands during trading, a decline of 55% from the average session volume of 6,529 shares. The stock had previously closed at $43.87.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 1.6%

The stock has a market cap of $1.44 billion, a PE ratio of 23.98 and a beta of 0.97. The firm has a 50-day simple moving average of $44.09 and a 200-day simple moving average of $41.83.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC boosted its stake in Invesco S&P 500 QVM Multi-factor ETF by 99.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 208,182 shares of the company’s stock worth $8,364,000 after purchasing an additional 103,628 shares during the period. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after buying an additional 3,886 shares during the period. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter valued at about $1,474,000. HRT Financial LP purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth about $233,000. Finally, LPL Financial LLC boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% in the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after acquiring an additional 35,089 shares during the period.

About Invesco S&P 500 QVM Multi-factor ETF

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.