Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 52-Week High at $31.90

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during trading on Tuesday . The company traded as high as $31.90 and last traded at $31.90, with a volume of 181 shares changing hands. The stock had previously closed at $31.80.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.3 %

The company’s fifty day moving average price is $30.81 and its 200-day moving average price is $29.53. The stock has a market capitalization of $977.74 million, a PE ratio of 25.29 and a beta of 0.98.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers purchased a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned approximately 0.45% of Invesco S&P 500 QVM Multi-factor ETF at the end of the most recent reporting 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.