Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $40.68 and last traded at $40.4990, with a volume of 1732 shares traded. The stock had previously closed at $40.63.
Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.4%
The company’s 50 day simple moving average is $39.91 and its two-hundred day simple moving average is $38.50. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.
Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 2nd quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter valued at approximately $137,000. Axxcess Wealth Management LLC lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 64.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock valued at $4,598,000 after purchasing an additional 49,018 shares during the period. RPg Family Wealth Advisory LLC lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 149,398 shares of the company’s stock valued at $5,868,000 after purchasing an additional 1,338 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth $114,000.
About Invesco S&P 500 QVM Multi-factor ETF
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.
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