Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw strong trading volume on Friday . 4,535 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 3,009 shares.The stock last traded at $34.35 and had previously closed at $34.75.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 0.2 %

The firm has a 50-day moving average of $35.32 and a 200 day moving average of $34.65. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 26.11 and a beta of 0.98.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock valued at $698,000 after purchasing an additional 385 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 2.2% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock valued at $5,960,000 after purchasing an additional 3,775 shares during the period. Finally, Jane Street Group LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at approximately $625,000.

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

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.