Axxcess Wealth Management LLC Has $4.11 Million Holdings in Invesco S&P 500 QVM Multi-factor ETF $QVML

Axxcess Wealth Management LLC decreased its stake in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,554 shares of the company’s stock after selling 21,009 shares during the period. Axxcess Wealth Management LLC owned approximately 0.28% of Invesco S&P 500 QVM Multi-factor ETF worth $4,106,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in 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 worth $726,000 after purchasing an additional 9,043 shares during the period. Private Trust Co. NA bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the second quarter valued at about $44,000. Finally, Bank of America Corp DE lifted its holdings 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 purchasing an additional 10,191 shares in the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

NYSEARCA:QVML opened at $40.40 on Thursday. The company has a market cap of $1.50 billion, a PE ratio of 23.98 and a beta of 0.97. Invesco S&P 500 QVM Multi-factor ETF has a 52-week low of $28.80 and a 52-week high of $41.06. The stock has a 50-day simple moving average of $40.45 and a 200 day simple moving average of $39.54.

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.