Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 52-Week High – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $35.96 and last traded at $35.77, with a volume of 271 shares changing hands. The stock had previously closed at $35.76.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.8 %

The company has a market cap of $1.09 billion, a P/E ratio of 25.29 and a beta of 0.98. The firm has a 50-day moving average of $35.24 and a 200 day moving average of $34.17.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

An institutional investor recently bought a new position in Invesco S&P 500 QVM Multi-factor ETF stock. RPg Family Wealth Advisory LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 168,817 shares of the company’s stock, valued at approximately $5,727,000. Invesco S&P 500 QVM Multi-factor ETF accounts for about 1.6% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 26th largest holding. RPg Family Wealth Advisory LLC owned 0.55% of Invesco S&P 500 QVM Multi-factor ETF at the end of the most recent reporting period.

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.