Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.6% – Should You Sell?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMMGet Free Report) shares dropped 0.6% on Monday . The company traded as low as $30.67 and last traded at $30.67. Approximately 739 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,849 shares. The stock had previously closed at $30.84.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Down 0.6%

The company has a fifty day simple moving average of $30.17 and a 200-day simple moving average of $29.54. The stock has a market cap of $372.64 million, a price-to-earnings ratio of 18.37 and a beta of 1.05.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Empirical Asset Management LLC lifted its position in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMMFree Report) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,526 shares of the company’s stock after acquiring an additional 913 shares during the quarter. Empirical Asset Management LLC owned approximately 0.46% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,625,000 as of its most recent filing with the SEC.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

(Get Free Report)

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.

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