Invesco S&P 500 QVM Multi-factor ETF $QVML Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) by 7.7% in the first quarter, HoldingsChannel reports. The firm owned 610,124 shares of the company’s stock after selling 50,734 shares during the period. Private Advisor Group LLC’s holdings in Invesco S&P 500 QVM Multi-factor ETF were worth $23,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial River Investments LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 98.8% during the fourth quarter. Colonial River Investments LLC now owns 208,641 shares of the company’s stock worth $8,383,000 after purchasing an additional 103,688 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 99.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 208,499 shares of the company’s stock valued at $8,377,000 after buying an additional 103,945 shares during the period. LPL Financial LLC grew its stake in shares of Invesco S&P 500 QVM Multi-factor ETF by 80.8% in the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after buying an additional 35,089 shares during the period. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth approximately $1,474,000. Finally, Bank of America Corp DE increased its holdings in shares of 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.

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

QVML stock opened at $43.99 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 23.98 and a beta of 0.97. The firm’s 50 day moving average price is $43.68 and its 200-day moving average price is $41.36. Invesco S&P 500 QVM Multi-factor ETF has a one year low of $36.56 and a one year high of $44.81.

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.