LPL Financial LLC Trims Stock Position in Invesco S&P MidCap 400 QVM Multi-factor ETF $QVMM

LPL Financial LLC trimmed its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 16.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,470 shares of the company’s stock after selling 18,141 shares during the quarter. LPL Financial LLC owned 0.74% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $2,447,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 9.2% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 11,882,576 shares of the company’s stock valued at $321,339,000 after buying an additional 1,000,000 shares during the period. Wealth Enhancement Advisory Services LLC raised its position 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 valued at $1,821,000 after acquiring an additional 36,595 shares in the last quarter. Private Advisor Group LLC lifted its holdings 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. Finally, Fragasso Financial Advisors Inc acquired a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF in the first quarter valued at approximately $555,000.

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

Shares of NYSEARCA QVMM opened at $29.51 on Tuesday. The company has a market capitalization of $359.43 million, a PE ratio of 18.37 and a beta of 0.99. The company’s fifty day moving average price is $29.04 and its 200 day moving average price is $28.01. Invesco S&P MidCap 400 QVM Multi-factor ETF has a 1 year low of $23.58 and a 1 year high of $31.56.

Invesco S&P MidCap 400 QVM Multi-factor ETF 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.