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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Monday . Approximately 1,615 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 1,368 shares.The stock last traded at $35.24 and had previously closed at $34.90.

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

The company’s 50 day simple moving average is $35.05 and its 200 day simple moving average is $33.79. The stock has a market cap of $1.07 billion, a PE ratio of 25.29 and a beta of 0.98.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds have recently made changes to their positions in QVML. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at $625,000. RPg Family Wealth Advisory LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at about $5,727,000. Finally, Cetera Investment Advisers lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.0% during the second quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock valued at $4,546,000 after purchasing an additional 1,390 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.