Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Stock Price Up 0.3% – Should You Buy?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) shares shot up 0.3% during mid-day trading on Monday . The company traded as high as $29.63 and last traded at $29.63. 199 shares were traded during mid-day trading, a decline of 88% from the average session volume of 1,600 shares. The stock had previously closed at $29.55.

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

The stock has a market cap of $325.04 million, a price-to-earnings ratio of 17.75 and a beta of 1.06. The stock has a fifty day simple moving average of $29.57 and a 200-day simple moving average of $29.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QVMM. Private Advisor Group LLC increased its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 22.1% during the fourth quarter. Private Advisor Group LLC now owns 41,695 shares of the company’s stock valued at $1,196,000 after purchasing an additional 7,545 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Invesco S&P MidCap 400 QVM Multi-factor ETF during the third quarter worth $727,000. Finally, Empirical Asset Management LLC increased its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF by 183.5% in the 3rd quarter. Empirical Asset Management LLC now owns 57,263 shares of the company’s stock valued at $1,655,000 after buying an additional 37,061 shares during the period.

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

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.