Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Down 0.4% – Here’s Why

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s share price dropped 0.4% during trading on Thursday . The stock traded as low as $32.55 and last traded at $32.55. Approximately 2,761 shares were traded during mid-day trading, an increase of 432% from the average daily volume of 519 shares. The stock had previously closed at $32.68.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Performance

The stock has a market capitalization of $405.28 million, a PE ratio of 18.37 and a beta of 1.05. The company’s fifty day simple moving average is $31.73 and its two-hundred day simple moving average is $30.62.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,471 shares of the company’s stock after acquiring an additional 779 shares during the quarter. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent quarter.

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.