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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Tuesday . 2,980 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 2,816 shares.The stock last traded at $34.33 and had previously closed at $34.33.

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

The firm has a market cap of $1.07 billion, a PE ratio of 25.29 and a beta of 0.98. The stock has a 50-day simple moving average of $35.10 and a two-hundred day simple moving average of $33.87.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $625,000. Cetera Investment Advisers raised 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 acquiring an additional 1,390 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter worth approximately $5,727,000.

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.