Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Stock Price Down 1% – What’s Next?

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) were down 1% during mid-day trading on Wednesday . The company traded as low as $34.74 and last traded at $34.95. Approximately 3,030 shares changed hands during trading, an increase of 33% from the average session volume of 2,281 shares. The stock had previously closed at $35.30.

Invesco S&P MidCap 400 QVM Multi-factor ETF Price Performance

The company has a market capitalization of $429.15 million, a price-to-earnings ratio of 18.37 and a beta of 0.99. The firm has a 50-day moving average price of $34.91 and a two-hundred day moving average price of $33.37.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

An institutional investor recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC lifted its stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,471 shares of the company’s stock after purchasing an additional 779 shares during the period. Private Advisor Group LLC owned 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 at the end of the most recent quarter.

Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.