Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report)’s share price traded down 1.2% during trading on Wednesday . The company traded as low as $25.23 and last traded at $25.23. 3 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,864 shares. The stock had previously closed at $25.54.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The company has a market cap of $812.48 million, a price-to-earnings ratio of 16.57 and a beta of 0.98. The business has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $25.43.
Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 16.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 36,124,001 shares of the company’s stock valued at $878,738,000 after buying an additional 5,060,000 shares during the period. Natixis acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter valued at about $109,000. Jane Street Group LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the second quarter valued at about $822,000. Finally, UBS Group AG lifted its stake in Invesco S&P 500 QVM Multi-factor ETF by 664.4% in the first quarter. UBS Group AG now owns 1,009 shares of the company’s stock valued at $27,000 after buying an additional 877 shares during the period.
About Invesco S&P 500 QVM Multi-factor ETF
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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