Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 12-Month High – What’s Next?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.56 and last traded at $40.56, with a volume of 18272 shares. The stock had previously closed at $40.30.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.6%

The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.98 and a beta of 0.97. The company has a 50 day moving average of $39.78 and a 200-day moving average of $38.36.

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

Several institutional investors and hedge funds have recently bought and sold shares of QVML. Private Trust Co. NA bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the second quarter worth about $44,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $114,000. Northwestern Mutual Wealth Management Co. acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 1st quarter valued at approximately $137,000. Jane Street Group LLC boosted its position in 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 valued at $726,000 after purchasing an additional 9,043 shares during the period. Finally, Bank of America Corp DE grew its stake in Invesco S&P 500 QVM Multi-factor ETF by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after buying an additional 10,191 shares during the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

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.