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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $46.38 and last traded at $46.38, with a volume of 23274 shares traded. The stock had previously closed at $45.35.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.3%

The company’s 50-day simple moving average is $44.85 and its 200-day simple moving average is $42.76. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 23.98 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF in the third quarter valued at approximately $114,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 QVM Multi-factor ETF by 22.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 5,219 shares of the company’s stock worth $205,000 after purchasing an additional 963 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 242.0% in 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 period. HRT Financial LP acquired a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the 4th quarter worth approximately $233,000. Finally, Jane Street Group LLC lifted its holdings in Invesco S&P 500 QVM Multi-factor ETF by 71.7% in the first quarter. Jane Street Group LLC now owns 21,660 shares of the company’s stock valued at $726,000 after buying an additional 9,043 shares during the period.

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.