Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Up 0.7%

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) shares were up 0.7% during mid-day trading on Tuesday . The company traded as high as $27.72 and last traded at $27.72. Approximately 77 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,002 shares. The stock had previously closed at $27.54.

Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance

The firm has a market cap of $303.85 million, a P/E ratio of 16.88 and a beta of 1.08. The stock’s 50 day simple moving average is $27.25 and its two-hundred day simple moving average is $25.50.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC boosted its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 23.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,829 shares of the company’s stock after purchasing an additional 2,798 shares during the period. Private Advisor Group LLC owned approximately 0.14% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $419,000 at the end of the most recent quarter.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

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.