Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Rating) shares saw unusually-strong trading volume on Friday . Approximately 8,025 shares traded hands during trading, an increase of 36% from the previous session’s volume of 5,889 shares.The stock last traded at $23.38 and had previously closed at $23.60.

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

The firm has a fifty day simple moving average of $24.01 and a 200-day simple moving average of $23.40. The company has a market capitalization of $980.36 million, a PE ratio of 16.57 and a beta of 0.99.

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

Several hedge funds and other institutional investors have recently bought and sold shares of QVML. Municipal Employees Retirement System of Michigan increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 31,064,001 shares of the company’s stock valued at $717,047,000 after acquiring an additional 271,636 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 2nd quarter valued at approximately $822,000. Natixis bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter valued at approximately $109,000. Finally, UBS Group AG increased its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 664.4% in the 1st quarter. UBS Group AG now owns 1,009 shares of the company’s stock valued at $27,000 after acquiring an additional 877 shares during the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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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.