Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Up 0.8% – Here’s Why

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) were up 0.8% during mid-day trading on Friday . The company traded as high as $34.74 and last traded at $34.68. Approximately 2,623 shares were traded during trading, an increase of 13% from the average session volume of 2,330 shares. The stock had previously closed at $34.42.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Up 0.8%

The stock has a market cap of $421.02 million, a price-to-earnings ratio of 18.37 and a beta of 0.99. The company has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $34.40.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently bought a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Integrated Wealth Concepts LLC bought a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 734 shares of the company’s stock, valued at approximately $26,000.

About Invesco S&P MidCap 400 QVM Multi-factor ETF

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.