Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – What’s Next?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Tuesday . 14,273 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 11,569 shares.The stock last traded at $39.28 and had previously closed at $39.23.

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

The firm has a market capitalization of $1.39 billion, a P/E ratio of 23.98 and a beta of 0.98. The company’s 50-day simple moving average is $37.91 and its two-hundred day simple moving average is $35.44.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Trust Co. NA bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter valued at $44,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter valued at $137,000. Jane Street Group LLC raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares during the period. Bank of America Corp DE raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd 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. Finally, ArborFi Advisors LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter valued at $363,000.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.