Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Stock Price Down 0.2% – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s stock price dropped 0.2% during trading on Monday . The stock traded as low as $26.23 and last traded at $26.23. Approximately 921 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 997 shares. The stock had previously closed at $26.28.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Price Performance

The company has a market capitalization of $193.05 million, a price-to-earnings ratio of 16.36 and a beta of 0.96. The business has a fifty day moving average price of $25.52 and a 200 day moving average price of $25.45.

Institutional Trading of Invesco S&P SmallCap 600 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. LPL Financial LLC boosted its position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,267 shares of the company’s stock after purchasing an additional 1,629 shares during the quarter. LPL Financial LLC owned about 0.39% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.