Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Shares Down 1.9% – Time to Sell?

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s share price fell 1.9% during mid-day trading on Thursday . The company traded as low as $30.43 and last traded at $30.43. 158 shares were traded during trading, a decline of 37% from the average session volume of 250 shares. The stock had previously closed at $31.02.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Up 1.2%

The company’s 50 day moving average price is $29.58 and its two-hundred day moving average price is $28.32. The stock has a market cap of $227.85 million, a P/E ratio of 16.36 and a beta of 1.05.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cobblestone Capital Advisors LLC NY increased its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 27.7% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 103,970 shares of the company’s stock worth $2,674,000 after buying an additional 22,583 shares in the last quarter. Jane Street Group LLC purchased a new position in Invesco S&P SmallCap 600 QVM Multi-factor ETF during the second quarter valued at $226,000. Finally, LPL Financial LLC increased its holdings in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% in the fourth quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock worth $922,000 after purchasing an additional 614 shares during the last quarter.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.