Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Down 0.4% – What’s Next?

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

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

The company has a market cap of $393.20 million, a price-to-earnings ratio of 18.37 and a beta of 1.05. The firm has a 50-day moving average price of $31.68 and a 200 day moving average price of $30.59.

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 grew its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,526 shares of the company’s stock after acquiring an additional 913 shares during the quarter. Empirical Asset Management LLC owned 0.46% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,625,000 as of its most recent SEC filing.

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.