Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 1-Year High – Still a Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.38 and last traded at $46.38, with a volume of 23274 shares. The stock had previously closed at $45.35.

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

The stock has a market cap of $1.53 billion, a PE ratio of 23.98 and a beta of 0.97. The firm has a 50 day moving average of $44.76 and a two-hundred day moving average of $42.70.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Colonial River Investments LLC grew its position in Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the 4th 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% during 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. Advisory Services Network LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $114,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after acquiring an additional 963 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the 4th 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.

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.