Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Shares Down 0.2% – Here’s What Happened

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $22.69 and last traded at $22.70. Approximately 391 shares traded hands during trading, a decline of 60% from the average daily volume of 966 shares. The stock had previously closed at $22.75.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Price Performance

The firm’s fifty day simple moving average is $25.03 and its 200 day simple moving average is $26.89. The company has a market capitalization of $166.62 million, a PE ratio of 14.67 and a beta of 1.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. LPL Financial LLC lifted its position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,267 shares of the company’s stock after acquiring an additional 1,629 shares during the quarter. LPL Financial LLC owned 0.39% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $765,000 as of its most recent SEC filing.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.