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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-high trading volume on Tuesday . Approximately 3,313 shares changed hands during trading, a decline of 19% from the previous session’s volume of 4,072 shares.The stock last traded at $35.55 and had previously closed at $35.66.

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

The company has a market cap of $1.22 billion, a price-to-earnings ratio of 26.11 and a beta of 0.98. The company’s 50-day simple moving average is $35.33 and its 200-day simple moving average is $34.53.

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

A number of institutional investors and hedge funds have recently made changes to their positions in QVML. Jane Street Group LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at about $625,000. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock valued at $698,000 after purchasing an additional 385 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter valued at approximately $5,727,000.

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.