Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Tuesday . 5,002 shares were traded during trading, a decline of 2% from the previous session’s volume of 5,094 shares.The stock last traded at $35.41 and had previously closed at $35.84.

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

The firm has a 50-day moving average price of $35.16 and a 200 day moving average price of $34.03. The stock has a market capitalization of $1.09 billion, a P/E ratio of 25.29 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QVML. RPg Family Wealth Advisory LLC bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at about $5,727,000. Jane Street Group LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at about $625,000. Finally, Cetera Investment Advisers lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock worth $4,546,000 after buying an additional 1,390 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.