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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Monday . 6,082 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 3,520 shares.The stock last traded at $31.04 and had previously closed at $31.34.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 2.6 %

The stock has a market capitalization of $1.06 billion, a PE ratio of 22.78 and a beta of 0.98. The firm’s fifty day moving average price is $33.65 and its two-hundred day moving average price is $34.52.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QVML. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth approximately $625,000. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the 4th 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 grew its holdings in shares of 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 purchasing an additional 3,775 shares in the last quarter.

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.