Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 1-Year High – Still a Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $46.24 and last traded at $46.21, with a volume of 13718 shares traded. The stock had previously closed at $45.79.

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

The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97. The firm’s 50-day simple moving average is $44.36 and its two-hundred day simple moving average is $42.26.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $114,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after acquiring an additional 963 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the fourth quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock valued at $221,000 after acquiring an additional 3,886 shares during the period. HRT Financial LP acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the fourth quarter valued at $233,000. Finally, Jane Street Group LLC lifted its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 71.7% during the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after acquiring an additional 9,043 shares during the period.

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.