Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Stock Price Up 0.4% – Still a Buy?

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s share price rose 0.4% on Tuesday . The stock traded as high as $28.65 and last traded at $28.58. Approximately 623 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 950 shares. The stock had previously closed at $28.46.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Up 0.4%

The firm’s 50-day simple moving average is $27.88 and its 200-day simple moving average is $27.04. The firm has a market capitalization of $210.35 million, a PE ratio of 16.36 and a beta of 1.05.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Cobblestone Capital Advisors LLC NY boosted its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,588 shares of the company’s stock after purchasing an additional 1,618 shares during the period. Cobblestone Capital Advisors LLC NY owned about 1.43% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $2,954,000 at the end of the most recent reporting period.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.