Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Up 0.2% – Time to Buy?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s stock price shot up 0.2% during mid-day trading on Monday . The company traded as high as $29.52 and last traded at $29.51. 1,029 shares were traded during trading, a decline of 33% from the average session volume of 1,532 shares. The stock had previously closed at $29.44.

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

The firm’s 50 day moving average is $29.04 and its 200-day moving average is $28.01. The firm has a market cap of $359.43 million, a price-to-earnings ratio of 18.37 and a beta of 0.99.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empirical Asset Management LLC increased its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.6% in the second quarter. Empirical Asset Management LLC now owns 56,526 shares of the company’s stock valued at $1,625,000 after acquiring an additional 913 shares during the period. Municipal Employees Retirement System of Michigan increased its stake 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 acquiring an additional 1,000,000 shares during the period. Private Advisor Group LLC increased its stake in 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 valued at $1,279,000 after acquiring an additional 5,602 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 119.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 67,321 shares of the company’s stock valued at $1,821,000 after acquiring an additional 36,595 shares during the period. Finally, Fragasso Financial Advisors Inc bought a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF in the first quarter valued at about $555,000.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

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.