Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.3% – Here’s Why

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) dropped 0.3% during trading on Thursday . The stock traded as low as $28.64 and last traded at $28.64. Approximately 34 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,970 shares. The stock had previously closed at $28.74.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.5 %

The company has a market capitalization of $315.83 million, a P/E ratio of 17.75 and a beta of 1.06. The business’s 50-day moving average is $29.94 and its two-hundred day moving average is $28.56.

Hedge Funds Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of QVMM. Empirical Asset Management LLC boosted its position in Invesco S&P MidCap 400 QVM Multi-factor ETF by 183.5% in the third quarter. Empirical Asset Management LLC now owns 57,263 shares of the company’s stock worth $1,655,000 after purchasing an additional 37,061 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 35.6% in the 3rd quarter. Private Advisor Group LLC now owns 34,150 shares of the company’s stock worth $987,000 after buying an additional 8,962 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF during the third quarter valued at about $727,000.

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.