Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Trading 0.5% Higher – What’s Next?

Shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) were up 0.5% during mid-day trading on Monday . The company traded as high as $29.54 and last traded at $29.53. Approximately 7,071 shares changed hands during trading, an increase of 407% from the average daily volume of 1,395 shares. The stock had previously closed at $29.39.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Performance

The stock has a market cap of $218.52 million, a PE ratio of 16.36 and a beta of 1.05. The firm has a fifty day moving average price of $30.09 and a 200 day moving average price of $28.79.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF in the fourth quarter worth about $2,355,000. LPL Financial LLC increased its holdings in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% during the fourth quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock valued at $922,000 after acquiring an additional 614 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 105,588 shares of the company’s stock valued at $2,954,000 after purchasing an additional 1,618 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the 2nd quarter valued at approximately $226,000.

About Invesco S&P SmallCap 600 QVM Multi-factor ETF

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.