Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Stock Price Up 0.8% – Here’s Why

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) traded up 0.8% on Thursday . The stock traded as high as $35.32 and last traded at $35.32. 100 shares were traded during trading, a decline of 95% from the average session volume of 2,103 shares. The stock had previously closed at $35.03.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Up 0.8%

The stock’s 50-day moving average price is $35.26 and its 200-day moving average price is $33.78. The company has a market cap of $428.78 million, a P/E ratio of 18.37 and a beta of 0.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC raised its position in Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 51,471 shares of the company’s stock after acquiring an additional 779 shares during the period. Private Advisor Group LLC owned approximately 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 as of its most recent filing with the SEC.

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.