Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 12-Month High – Should You Buy?
by Tristan Rich · The Markets DailyInvesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $40.69 and last traded at $40.6640, with a volume of 4539 shares trading hands. The stock had previously closed at $40.46.
Invesco S&P 500 QVM Multi-factor ETF Price Performance
The company has a 50 day moving average of $40.01 and a two-hundred day moving average of $38.77. The company has a market capitalization of $1.50 billion, a PE ratio of 23.98 and a beta of 0.97.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Private Trust Co. NA bought a new stake in Invesco S&P 500 QVM Multi-factor ETF during the second quarter worth about $44,000. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 64.0% during the second quarter. Axxcess Wealth Management LLC now owns 125,563 shares of the company’s stock valued at $4,598,000 after purchasing an additional 49,018 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the 1st quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock worth $726,000 after purchasing an additional 9,043 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after buying an additional 963 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.