Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Friday . 12,763 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 14,029 shares.The stock last traded at $40.2440 and had previously closed at $40.18.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

The company has a market capitalization of $1.48 billion, a PE ratio of 23.98 and a beta of 0.97. The company has a 50 day simple moving average of $39.98 and a 200 day simple moving average of $38.65.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter worth approximately $44,000. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $114,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the first quarter worth $137,000. Jane Street Group LLC increased its holdings in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after buying an additional 9,043 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares in the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

The Invesco S&P 500 QVM Multi-factor ETF (QVML) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a market-cap-weighted index that selects the top 90% of stocks in the S&P 500 based on three factors: quality, value, and momentum. QVML was launched on Jun 30, 2021 and is managed by Invesco.