MML Investors Services LLC lowered its holdings in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Free Report) by 33.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,480 shares of the company’s stock after selling 9,980 shares during the quarter. MML Investors Services LLC owned 0.06% of Invesco S&P 500 QVM Multi-factor ETF worth $661,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at $625,000. Cetera Investment Advisers lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.0% during the 2nd 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. Finally, RPg Family Wealth Advisory LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at about $5,727,000.
Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.1 %
Shares of Invesco S&P 500 QVM Multi-factor ETF stock opened at $34.78 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.29 and a beta of 0.98. The firm’s 50-day moving average price is $34.95 and its two-hundred day moving average price is $33.54. Invesco S&P 500 QVM Multi-factor ETF has a 1-year low of $27.40 and a 1-year high of $35.94.
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.
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