Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 12-Month High – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares reached a new 52-week high on Tuesday . The stock traded as high as $44.34 and last traded at $44.34, with a volume of 1189 shares. The stock had previously closed at $43.86.

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

The stock has a fifty day simple moving average of $41.26 and a two-hundred day simple moving average of $40.57. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QVML. Advisory Services Network LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth $114,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after acquiring an additional 963 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after acquiring an additional 3,886 shares during the period. HRT Financial LP purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth $233,000. Finally, Jane Street Group LLC grew 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 valued at $726,000 after purchasing an additional 9,043 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.