Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 52-Week High – Time to Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $46.38 and last traded at $46.38, with a volume of 23274 shares traded. The stock had previously closed at $45.35.

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

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The business’s 50-day simple moving average is $44.76 and its 200-day simple moving average is $42.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at about $114,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 purchasing an additional 963 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of 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 worth $221,000 after purchasing an additional 3,886 shares during the period. HRT Financial LP purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth about $233,000. Finally, Jane Street Group LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 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.