Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 52-Week High – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.56 and last traded at $40.56, with a volume of 18272 shares. The stock had previously closed at $40.30.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

The firm’s 50-day moving average is $39.84 and its 200 day moving average is $38.41. The firm has a market capitalization of $1.50 billion, a P/E ratio of 23.98 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock worth $5,868,000 after acquiring an additional 1,338 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 64.0% in the second quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock valued at $4,598,000 after buying an additional 49,018 shares in the last quarter. Bank of America Corp DE grew its holdings 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 worth $1,254,000 after purchasing an additional 10,191 shares in the last quarter. Jane Street Group LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after purchasing an additional 9,043 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after purchasing an additional 963 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.