Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Tuesday . Approximately 84,830 shares changed hands during trading, an increase of 2,370% from the previous session’s volume of 3,435 shares.The stock last traded at $32.51 and had previously closed at $32.44.

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

The company has a market capitalization of $1.00 billion, a PE ratio of 25.29 and a beta of 0.98. The stock’s 50 day simple moving average is $31.52 and its 200-day simple moving average is $30.16.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers bought a new stake in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned about 0.45% of Invesco S&P 500 QVM Multi-factor ETF as of its most recent filing with the Securities and Exchange Commission.

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.