Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Wednesday. 71,982 shares traded hands during trading, an increase of 161% from the average daily volume of 27,623 shares. The stock last traded at $45.6310 and had previously closed at $44.98.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.1%

The stock’s 50 day moving average price is $45.44 and its two-hundred day moving average price is $43.14. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Several institutional investors have recently made changes to their positions in QVML. Kestra Advisory Services LLC raised its position in Invesco S&P 500 QVM Multi-factor ETF by 29.1% during the third quarter. Kestra Advisory Services LLC now owns 31,592 shares of the company’s stock valued at $1,426,000 after acquiring an additional 7,127 shares in the last quarter. TFB Advisors LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at approximately $245,000. Richardson Financial Services Inc. acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at approximately $60,000. Ascent Group LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth approximately $235,000. Finally, Avestar Capital LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth approximately $1,471,000.

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.