Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 1-Year High – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.14 and last traded at $41.14, with a volume of 327 shares traded. The stock had previously closed at $40.58.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.3%

The company has a market capitalization of $1.52 billion, a P/E ratio of 23.98 and a beta of 0.97. The firm has a fifty day simple moving average of $39.65 and a 200-day simple moving average of $39.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Axxcess Wealth Management LLC boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,182 shares of the company’s stock worth $8,364,000 after buying an additional 103,628 shares during the period. Osaic Holdings Inc. boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after buying an additional 3,886 shares during the period. Jane Street Group LLC acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth about $1,474,000. HRT Financial LP acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter worth about $233,000. Finally, LPL Financial LLC boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock worth $3,155,000 after buying an additional 35,089 shares during the period.

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.