Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Stock Price Up 0.2% – Time to Buy?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s stock price rose 0.2% during mid-day trading on Monday . The stock traded as high as $36.00 and last traded at $35.66. Approximately 1,609 shares traded hands during trading, a decline of 33% from the average daily volume of 2,404 shares. The stock had previously closed at $35.58.

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

The company has a 50-day simple moving average of $34.32 and a 200-day simple moving average of $32.86. The firm has a market cap of $426.60 million, a PE ratio of 18.37 and a beta of 1.00.

Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC lifted its position in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,471 shares of the company’s stock after purchasing an additional 779 shares during the period. Private Advisor Group LLC owned 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.