Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.3% – What’s Next?

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) traded down 0.3% on Tuesday . The stock traded as low as $31.28 and last traded at $31.31. 1,534 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 1,796 shares. The stock had previously closed at $31.41.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Down 0.3%

The firm has a market capitalization of $380.42 million, a price-to-earnings ratio of 18.37 and a beta of 1.05. The company has a fifty day moving average price of $30.44 and a 200-day moving average price of $29.89.

Institutional Trading of 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 grew its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,526 shares of the company’s stock after acquiring an additional 913 shares during the period. 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.

About Invesco S&P MidCap 400 QVM Multi-factor ETF

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.