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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-high trading volume on Tuesday . Approximately 4,749 shares changed hands during trading, an increase of 38% from the previous session’s volume of 3,444 shares.The stock last traded at $32.14 and had previously closed at $31.81.

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

The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.78 and a beta of 0.98. The firm’s 50 day moving average is $33.83 and its 200-day moving average is $34.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QVML. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during 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 in the last quarter. RPg Family Wealth Advisory LLC lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 2.2% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock worth $5,960,000 after buying an additional 3,775 shares in the last quarter. Finally, 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.

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.