Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Trading 2.5% Higher – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s stock price traded up 2.5% during trading on Tuesday . The company traded as high as $29.14 and last traded at $29.14. 1,809 shares changed hands during trading, an increase of 33% from the average session volume of 1,361 shares. The stock had previously closed at $28.44.

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

The company has a market capitalization of $215.64 million, a P/E ratio of 16.36 and a beta of 1.05. The stock’s 50 day simple moving average is $29.96 and its two-hundred day simple moving average is $28.90.

Institutional Trading of Invesco S&P SmallCap 600 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of QVMS. LPL Financial LLC raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF by 1.9% in the 4th quarter. LPL Financial LLC now owns 32,656 shares of the company’s stock worth $922,000 after purchasing an additional 614 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in 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 buying an additional 1,618 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the 2nd quarter valued at $226,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF in the 4th quarter valued at $2,355,000.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

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.