Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 1-Year High – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $40.68 and last traded at $40.4990, with a volume of 1732 shares traded. The stock had previously closed at $40.63.

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

The stock has a 50 day moving average price of $39.95 and a 200 day moving average price of $38.57. The company has a market capitalization of $1.49 billion, a P/E ratio of 23.98 and a beta of 0.97.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the first quarter worth about $137,000. Jane Street Group LLC increased its holdings in 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 worth $726,000 after acquiring an additional 9,043 shares during the period. Axxcess Wealth Management LLC lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 64.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock worth $4,598,000 after purchasing an additional 49,018 shares in the last quarter. Private Trust Co. NA bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the 2nd quarter valued at $44,000. Finally, Bank of America Corp DE boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 42.4% in 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.

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.