Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Down 0.2% – Should You Sell?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMMGet Free Report) traded down 0.2% on Monday . The company traded as low as $30.23 and last traded at $30.26. 349 shares were traded during trading, a decline of 77% from the average session volume of 1,486 shares. The stock had previously closed at $30.33.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Down 0.2%

The business has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $28.37. The stock has a market cap of $368.57 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

A number of hedge funds have recently bought and sold shares of QVMM. Wealth Enhancement Advisory Services LLC grew its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 22.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,726 shares of the company’s stock valued at $881,000 after purchasing an additional 5,586 shares in the last quarter. Fragasso Financial Advisors Inc acquired a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF during the 1st quarter valued at approximately $555,000. Private Advisor Group LLC grew its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 13.4% in the 1st quarter. Private Advisor Group LLC now owns 47,297 shares of the company’s stock worth $1,279,000 after acquiring an additional 5,602 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position 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 worth $321,339,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Empirical Asset Management LLC grew its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 1.6% in the 2nd quarter. Empirical Asset Management LLC now owns 56,526 shares of the company’s stock worth $1,625,000 after acquiring an additional 913 shares in the last quarter.

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

(Get Free Report)

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.

Further Reading

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