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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $40.97 and last traded at $40.9050, with a volume of 1470 shares traded. The stock had previously closed at $40.73.

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

The company has a 50-day moving average of $40.18 and a 200-day moving average of $39.15. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

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

Hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 2nd quarter worth approximately $44,000. Advisory Services Network LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at $114,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after purchasing an additional 963 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during 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 during the period. Finally, Bank of America Corp DE increased its holdings 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 valued at $1,254,000 after purchasing an additional 10,191 shares in 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.