Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Rating) rose 0.3% during trading on Friday . The company traded as high as $24.39 and last traded at $24.39. Approximately 1 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 4,817 shares. The stock had previously closed at $24.31.
Invesco S&P 500 QVM Multi-factor ETF Stock Performance
The stock has a fifty day moving average of $24.04 and a 200 day moving average of $23.43. The company has a market capitalization of $1.02 billion, a PE ratio of 16.57 and a beta of 0.99.
Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF
Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter worth approximately $822,000. Natixis bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at approximately $109,000. UBS Group AG increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 664.4% during the 1st quarter. UBS Group AG now owns 1,009 shares of the company’s stock valued at $27,000 after purchasing an additional 877 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 0.9% during 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 purchasing an additional 271,636 shares during the last quarter.
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.
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