Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Still a Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw unusually-high trading volume on Wednesday . 17,482 shares traded hands during mid-day trading, an increase of 119% from the previous session’s volume of 7,971 shares.The stock last traded at $45.89 and had previously closed at $45.84.

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

The company’s fifty day simple moving average is $44.20 and its 200-day simple moving average is $42.04. The firm has a market capitalization of $1.53 billion, a PE ratio of 23.98 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC boosted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 99.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 208,182 shares of the company’s stock worth $8,364,000 after acquiring an additional 103,628 shares in the last quarter. Osaic Holdings Inc. grew its position in Invesco S&P 500 QVM Multi-factor ETF by 242.0% during the 4th quarter. Osaic Holdings Inc. now owns 5,492 shares of the company’s stock worth $221,000 after purchasing an additional 3,886 shares during the last quarter. Jane Street Group LLC purchased a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter worth approximately $1,474,000. HRT Financial LP acquired a new position in Invesco S&P 500 QVM Multi-factor ETF during the 4th quarter valued at approximately $233,000. Finally, LPL Financial LLC increased its stake in Invesco S&P 500 QVM Multi-factor ETF by 80.8% during the 4th quarter. LPL Financial LLC now owns 78,530 shares of the company’s stock valued at $3,155,000 after purchasing an additional 35,089 shares in the last quarter.

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.