Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Shares Down 0.9% – What’s Next?

Shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) dropped 0.9% during mid-day trading on Friday. The stock traded as low as $31.95 and last traded at $32.00. 8,439 shares traded hands during mid-day trading, an increase of 471% from the average daily volume of 1,477 shares. The stock had previously closed at $32.29.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Price Performance

The firm has a market cap of $234.24 million, a P/E ratio of 16.36 and a beta of 1.02. The company’s 50-day moving average is $33.41 and its two-hundred day moving average is $33.03.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) in the second quarter, according to its most recent filing with the SEC. The firm purchased 850 shares of the company’s stock, valued at approximately $30,000.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Company Profile

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.