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 . 16,528 shares changed hands during trading, an increase of 151% from the previous session’s volume of 6,598 shares.The stock last traded at $43.93 and had previously closed at $43.88.

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

The business has a 50-day moving average of $44.08 and a 200 day moving average of $41.81. The stock has a market cap of $1.47 billion, a PE ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after buying an additional 9,043 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock valued at $1,254,000 after buying an additional 10,191 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock valued at $205,000 after buying an additional 963 shares during the period. Advisory Services Network LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth approximately $114,000. Finally, Colonial River Investments LLC boosted its position in Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after acquiring an additional 103,688 shares during 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.