Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw strong trading volume on Wednesday . 39,232 shares traded hands during mid-day trading, an increase of 513% from the previous session’s volume of 6,396 shares.The stock last traded at $43.50 and had previously closed at $43.67.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.9%

The company has a market cap of $1.59 billion, a PE ratio of 23.98 and a beta of 0.97. The company’s 50 day moving average is $42.31 and its 200 day moving average is $40.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in QVML. Axxcess Wealth Management LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after purchasing an additional 103,945 shares during the period. Colonial River Investments LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the 4th quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock valued at $8,383,000 after purchasing an additional 103,688 shares during the period. Jane Street Group LLC purchased a new position in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at about $1,474,000. LPL Financial LLC increased its position in Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after purchasing an additional 35,089 shares during the period. Finally, Bank of America Corp DE increased its position 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 valued at $1,254,000 after purchasing an additional 10,191 shares during the period.

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.