Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 1-Year High – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares reached a new 52-week high on Thursday . The stock traded as high as $46.24 and last traded at $46.21, with a volume of 13718 shares traded. The stock had previously closed at $45.79.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.7%

The stock has a fifty day moving average of $44.29 and a 200-day moving average of $42.19. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Hedge funds have recently bought and sold shares of the company. Axxcess Wealth Management LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after purchasing an additional 103,945 shares during the period. Colonial River Investments LLC raised 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 valued at $8,383,000 after buying an additional 103,688 shares during the period. Jane Street Group LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter worth about $1,474,000. LPL Financial LLC lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 80.8% in the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock worth $3,155,000 after acquiring an additional 35,089 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after acquiring an additional 10,191 shares during the period.

About Invesco S&P 500 QVM Multi-factor ETF

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.