Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Still a Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Tuesday . Approximately 6,590 shares were traded during trading, an increase of 72% from the previous session’s volume of 3,830 shares.The stock last traded at $34.74 and had previously closed at $34.58.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.5%

The firm has a 50-day moving average of $33.05 and a two-hundred day moving average of $34.40. The company has a market capitalization of $1.22 billion, a PE ratio of 23.40 and a beta of 0.98.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the first quarter worth $137,000. ArborFi Advisors LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the first quarter worth $363,000. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after buying an additional 385 shares during the last quarter. Jane Street Group LLC boosted its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after buying an additional 9,043 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the first quarter worth $2,564,000.

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.