Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading 0.8% Higher – What’s Next?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) was up 0.8% during mid-day trading on Friday . The company traded as high as $34.74 and last traded at $34.68. 2,623 shares were traded during mid-day trading, an increase of 13% from the average session volume of 2,330 shares. The stock had previously closed at $34.42.

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

The stock’s 50-day moving average price is $35.55 and its 200 day moving average price is $34.40. The firm has a market cap of $421.02 million, a P/E ratio of 18.37 and a beta of 0.99.

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

A hedge fund recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC lifted its holdings in shares of 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 filing with the Securities and Exchange Commission (SEC). The fund owned 51,471 shares of the company’s stock after buying an additional 779 shares during the period. Private Advisor Group LLC owned about 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.