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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-strong trading volume on Friday . Approximately 31,072 shares were traded during trading, an increase of 280% from the previous session’s volume of 8,171 shares.The stock last traded at $39.10 and had previously closed at $39.23.

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

The stock has a fifty day simple moving average of $40.41 and a 200-day simple moving average of $39.80. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

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

Several large investors have recently made changes to their positions in the company. Axxcess Wealth Management LLC grew its position in Invesco S&P 500 QVM Multi-factor ETF by 99.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,182 shares of the company’s stock valued at $8,364,000 after buying an additional 103,628 shares during the period. Osaic Holdings Inc. increased its holdings in Invesco S&P 500 QVM Multi-factor ETF by 242.0% in the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after buying an additional 3,886 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth about $1,474,000. HRT Financial LP acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth about $233,000. Finally, LPL Financial LLC boosted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock worth $3,155,000 after acquiring an additional 35,089 shares in the last quarter.

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.