Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 1-Year High – Should You Buy?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during trading on Friday . The stock traded as high as $35.94 and last traded at $35.96, with a volume of 1407 shares. The stock had previously closed at $35.92.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.1 %

The firm’s fifty day moving average price is $35.12 and its 200 day moving average price is $33.98. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.29 and a beta of 0.98.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at approximately $625,000. Cetera Investment Advisers increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 1.0% in 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 purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at approximately $5,727,000.

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.