Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Trading 1.2% Higher – Should You Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares were up 1.2% during trading on Tuesday . The stock traded as high as $35.87 and last traded at $35.81. Approximately 488 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 6,516 shares. The stock had previously closed at $35.40.

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

The stock has a 50-day moving average of $34.19 and a 200 day moving average of $34.40. The firm has a market capitalization of $1.33 billion, a P/E ratio of 23.59 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter valued at $137,000. Municipal Employees Retirement System of Michigan boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 12.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 34,132,010 shares of the company’s stock worth $1,143,317,000 after buying an additional 3,758,630 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth about $2,564,000. Finally, ArborFi Advisors LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter worth about $363,000.

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.