Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Tuesday . Approximately 5,002 shares changed hands during trading, a decline of 2% from the previous session’s volume of 5,094 shares.The stock last traded at $35.41 and had previously closed at $35.84.

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

The firm has a 50-day moving average of $35.19 and a 200 day moving average of $34.05. The company has a market capitalization of $1.09 billion, a PE ratio of 25.29 and a beta of 0.98.

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

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at approximately $625,000. Cetera Investment Advisers grew its position in Invesco S&P 500 QVM Multi-factor ETF by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock worth $4,546,000 after purchasing an additional 1,390 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $5,727,000.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.