Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.6% – Should You Sell?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) shares dropped 0.6% during mid-day trading on Monday . The stock traded as low as $30.67 and last traded at $30.67. Approximately 739 shares were traded during trading, a decline of 60% from the average daily volume of 1,849 shares. The stock had previously closed at $30.84.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Down 0.6%

The firm’s 50-day moving average price is $30.17 and its 200 day moving average price is $29.54. The firm has a market cap of $372.64 million, a P/E ratio of 18.37 and a beta of 1.05.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Empirical Asset Management LLC lifted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,526 shares of the company’s stock after buying an additional 913 shares during the period. Empirical Asset Management LLC owned approximately 0.46% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,625,000 at the end of the most recent reporting period.

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.