Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading 0.8% Higher – Here’s Why

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) were up 0.8% on Thursday . The company traded as high as $35.32 and last traded at $35.32. 100 shares were traded during mid-day trading, a decline of 95% from the average session volume of 2,103 shares. The stock had previously closed at $35.03.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.8%

The company has a 50 day simple moving average of $35.26 and a 200-day simple moving average of $33.78. The stock has a market capitalization of $428.78 million, a price-to-earnings ratio of 18.37 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC increased its stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,471 shares of the company’s stock after acquiring an additional 779 shares during the quarter. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent quarter.

About Invesco S&P MidCap 400 QVM Multi-factor ETF

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.