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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 3,556 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 3,258 shares.The stock last traded at $33.58 and had previously closed at $33.50.

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

The business has a 50 day simple moving average of $34.94 and a 200-day simple moving average of $34.77. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 23.98 and a beta of 0.98.

Invesco S&P 500 QVM Multi-factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.1138 per share. This is a boost from Invesco S&P 500 QVM Multi-factor ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, March 24th.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $625,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock valued at $698,000 after purchasing an additional 385 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 2.2% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock worth $5,960,000 after purchasing an additional 3,775 shares during the last quarter.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

(Get Free Report)

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.

Further Reading

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