Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Trading Down 0.8% – Here’s What Happened

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) dropped 0.8% during trading on Thursday . The company traded as low as $35.65 and last traded at $35.65. Approximately 14 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,972 shares. The stock had previously closed at $35.94.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Up 0.4%

The stock has a market capitalization of $434.61 million, a price-to-earnings ratio of 18.37 and a beta of 0.99. The business’s 50 day simple moving average is $35.67 and its 200-day simple moving average is $34.19.

Institutional Trading of Invesco S&P MidCap 400 QVM Multi-factor ETF

A hedge fund recently raised its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF stock. Private Advisor Group LLC increased its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,471 shares of the company’s stock after acquiring an additional 779 shares during the period. Private Advisor Group LLC owned about 0.42% of Invesco S&P MidCap 400 QVM Multi-factor ETF worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission.

About Invesco S&P MidCap 400 QVM Multi-factor ETF

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.