Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.4% – Here’s Why

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s share price was down 0.4% during trading on Thursday . The company traded as low as $32.55 and last traded at $32.55. Approximately 2,761 shares traded hands during mid-day trading, an increase of 432% from the average daily volume of 519 shares. The stock had previously closed at $32.68.

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

The stock has a 50 day moving average price of $31.68 and a two-hundred day moving average price of $30.59. The company has a market capitalization of $393.20 million, a price-to-earnings ratio of 18.37 and a beta of 1.05.

Hedge Funds Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC increased its stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,471 shares of the company’s stock after purchasing an additional 779 shares during the quarter. Private Advisor Group LLC owned about 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent quarter.

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.