Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 16,528 shares changed hands during mid-day trading, an increase of 151% from the previous session’s volume of 6,598 shares.The stock last traded at $43.93 and had previously closed at $43.88.

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

The company’s fifty day simple moving average is $44.08 and its two-hundred day simple moving average is $41.81. The stock has a market capitalization of $1.47 billion, a PE ratio of 23.98 and a beta of 0.97.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $114,000. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the 4th 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 during the last quarter. HRT Financial LP acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at $233,000. Finally, Jane Street Group LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after buying an additional 9,043 shares in the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

(Get Free Report)

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.

Further Reading

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