Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 1-Year High – Still a Buy?

Posted by Oscar Bower on Dec 2nd, 2024

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $35.60 and last traded at $35.60, with a volume of 534 shares traded. The stock had previously closed at $35.55.

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

The company has a 50-day simple moving average of $34.48 and a 200-day simple moving average of $33.14. The stock has a market cap of $1.09 billion, a P/E ratio of 25.29 and a beta of 0.98.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several hedge funds have recently modified their holdings of QVML. RPg Family Wealth Advisory LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $5,727,000. Cetera Investment Advisers bought a new position in Invesco S&P 500 QVM Multi-factor ETF in the first quarter valued at approximately $4,324,000. Finally, Jane Street Group LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $625,000.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

(Get Free Report)

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.