Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-strong trading volume on Wednesday . Approximately 4,314 shares were traded during trading, an increase of 24% from the previous session’s volume of 3,473 shares.The stock last traded at $34.32 and had previously closed at $34.36.

Invesco S&P 500 QVM Multi-factor ETF Stock Performance

The firm has a market cap of $1.06 billion, a PE ratio of 25.29 and a beta of 0.98. The stock has a 50 day simple moving average of $33.33 and a two-hundred day simple moving average of $32.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned approximately 0.45% of Invesco S&P 500 QVM Multi-factor ETF as of its most recent SEC filing.

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.