Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Wednesday . 21,090 shares traded hands during trading, an increase of 96% from the previous session’s volume of 10,747 shares.The stock last traded at $45.27 and had previously closed at $45.28.

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

The company has a market capitalization of $1.51 billion, a PE ratio of 23.98 and a beta of 0.97. The company has a 50 day moving average of $44.58 and a two-hundred day moving average of $42.50.

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

Several hedge funds have recently added to or reduced their stakes in QVML. Colonial River Investments LLC grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock valued at $8,383,000 after buying an additional 103,688 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Invesco S&P 500 QVM Multi-factor ETF by 99.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after buying an additional 103,945 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at about $1,474,000. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after purchasing an additional 35,089 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during 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 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.