Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.6% – Here’s What Happened

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) traded down 0.6% during trading on Monday . The stock traded as low as $29.18 and last traded at $29.18. 525 shares changed hands during trading, a decline of 71% from the average session volume of 1,807 shares. The stock had previously closed at $29.35.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Performance

The firm has a market capitalization of $355.41 million, a price-to-earnings ratio of 18.37 and a beta of 0.99. The business has a 50 day simple moving average of $28.51 and a 200-day simple moving average of $28.03.

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

A number of large investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its position in Invesco S&P MidCap 400 QVM Multi-factor ETF by 9.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,882,576 shares of the company’s stock valued at $321,339,000 after purchasing an additional 1,000,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 119.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 67,321 shares of the company’s stock worth $1,821,000 after acquiring an additional 36,595 shares in the last quarter. Fragasso Financial Advisors Inc bought a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF during the first quarter worth about $555,000. Private Advisor Group LLC grew its stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 13.4% in the first quarter. Private Advisor Group LLC now owns 47,297 shares of the company’s stock worth $1,279,000 after purchasing an additional 5,602 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 3.7% during the fourth quarter. LPL Financial LLC now owns 108,611 shares of the company’s stock worth $3,115,000 after acquiring an additional 3,834 shares during the last quarter.

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.