Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Up 0.2% – Should You Buy?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s share price was up 0.2% during mid-day trading on Thursday . The company traded as high as $31.69 and last traded at $31.69. Approximately 3,673 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 2,483 shares. The stock had previously closed at $31.62.

Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance

The firm has a market capitalization of $382.82 million, a PE ratio of 18.37 and a beta of 1.05. The company’s fifty day simple moving average is $32.70 and its 200 day simple moving average is $31.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC boosted its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,471 shares of the company’s stock after buying an additional 779 shares during the period. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

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.