Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Shares Down 0.9% – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) shares traded down 0.9% during trading on Friday. The company traded as low as $31.95 and last traded at $32.00. 8,439 shares were traded during mid-day trading, an increase of 471% from the average daily volume of 1,477 shares. The stock had previously closed at $32.29.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Down 0.9%

The stock has a market cap of $234.56 million, a P/E ratio of 16.36 and a beta of 1.02. The firm has a 50 day moving average price of $33.41 and a 200 day moving average price of $33.03.

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

A hedge fund recently bought a new position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 850 shares of the company’s stock, valued at approximately $30,000.

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.