Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – Still a Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Wednesday . 329,189 shares traded hands during mid-day trading, an increase of 3,799% from the previous session’s volume of 8,443 shares.The stock last traded at $45.80 and had previously closed at $45.68.

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

The stock has a market cap of $1.53 billion, a P/E ratio of 23.98 and a beta of 0.97. The company has a 50-day simple moving average of $44.26 and a two-hundred day simple moving average of $42.16.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Colonial River Investments LLC grew its holdings in Invesco S&P 500 QVM Multi-factor ETF by 98.8% in the 4th quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after acquiring an additional 103,688 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock worth $8,377,000 after purchasing an additional 103,945 shares during the period. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the fourth quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock worth $3,155,000 after purchasing an additional 35,089 shares during the period. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF in the fourth quarter worth about $1,474,000. Finally, Bank of America Corp DE grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 42.4% in the second quarter. Bank of America Corp DE now owns 34,237 shares of the company’s stock worth $1,254,000 after purchasing an additional 10,191 shares during 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.