Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report)’s share price dropped 0.2% on Tuesday . The stock traded as low as $39.77 and last traded at $40.01. Approximately 6,126 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 14,424 shares. The stock had previously closed at $40.11.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The stock has a market cap of $1.48 billion, a P/E ratio of 23.98 and a beta of 0.97. The firm’s fifty day moving average price is $39.72 and its two-hundred day moving average price is $38.22.
Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $114,000. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after buying an additional 963 shares in the last quarter. RPg Family Wealth Advisory LLC increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after buying an additional 1,338 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares in the last quarter. Finally, Private Trust Co. NA bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter worth $44,000.
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.
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