Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Down 0.6% – Should You Sell?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMMGet Free Report) shares were down 0.6% on Friday . The stock traded as low as $27.31 and last traded at $27.31. Approximately 66 shares were traded during trading, a decline of 97% from the average daily volume of 2,120 shares. The stock had previously closed at $27.48.

Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance

The company has a market cap of $332.36 million, a P/E ratio of 17.72 and a beta of 1.08. The company’s 50-day moving average is $28.84 and its two-hundred day moving average is $29.12.

Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC lifted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 22.1% during the fourth quarter. Private Advisor Group LLC now owns 41,695 shares of the company’s stock valued at $1,196,000 after purchasing an additional 7,545 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 22.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,726 shares of the company’s stock valued at $881,000 after acquiring an additional 5,586 shares during the period. Finally, LPL Financial LLC lifted its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 3.7% during the 4th quarter. LPL Financial LLC now owns 108,611 shares of the company’s stock valued at $3,115,000 after acquiring an additional 3,834 shares during the period.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

(Get Free Report)

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.

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