Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 1-Year High – Should You Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s stock price hit a new 52-week high on Friday . The stock traded as high as $35.94 and last traded at $35.96, with a volume of 1407 shares trading hands. The stock had previously closed at $35.92.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.1 %

The firm has a market cap of $1.10 billion, a PE ratio of 25.29 and a beta of 0.98. The company’s fifty day moving average price is $35.12 and its two-hundred day moving average price is $33.98.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $5,727,000. Cetera Investment Advisers boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 1.0% during the second quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock worth $4,546,000 after buying an additional 1,390 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth about $625,000.

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.