Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Friday . Approximately 12,763 shares changed hands during trading, a decline of 9% from the previous session’s volume of 14,029 shares.The stock last traded at $40.2440 and had previously closed at $40.18.

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

The stock has a market cap of $1.48 billion, a P/E ratio of 23.98 and a beta of 0.97. The stock’s 50 day simple moving average is $39.98 and its two-hundred day simple moving average is $38.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QVML. Private Trust Co. NA acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 2nd quarter worth about $44,000. Advisory Services Network LLC bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth approximately $114,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the first quarter valued at approximately $137,000. Jane Street Group LLC raised its position in shares of 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 buying an additional 9,043 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares during the period.

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.