Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw strong trading volume on Friday . 20,912 shares traded hands during trading, an increase of 460% from the previous session’s volume of 3,735 shares.The stock last traded at $33.30 and had previously closed at $32.91.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.7 %

The business has a fifty day moving average price of $35.20 and a two-hundred day moving average price of $34.66. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 23.84 and a beta of 0.98.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at about $5,727,000. Jane Street Group LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at approximately $625,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock valued at $698,000 after purchasing an additional 385 shares during the period.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.