Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Friday . 7,674 shares were traded during trading, an increase of 79% from the previous session’s volume of 4,291 shares.The stock last traded at $40.4010 and had previously closed at $40.41.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 2.0%

The company has a market cap of $1.51 billion, a PE ratio of 23.98 and a beta of 0.97. The company’s 50 day moving average is $40.41 and its 200 day moving average is $39.37.

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

Institutional investors have recently modified their holdings of the stock. Axxcess Wealth Management LLC boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 99.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after buying an additional 103,945 shares during the last quarter. Colonial River Investments LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the 4th quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock valued at $8,383,000 after buying an additional 103,688 shares during the period. Bank of America Corp DE grew its position 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 worth $1,254,000 after acquiring an additional 10,191 shares during the period. Jane Street Group LLC grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $114,000.

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.