Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares saw an uptick in trading volume on Wednesday. 71,982 shares traded hands during trading, an increase of 161% from the average daily volume of 27,623 shares. The stock last traded at $45.6310 and had previously closed at $44.98.

Invesco S&P 500 QVM Multi-factor ETF Trading Up 1.9%

The stock has a market capitalization of $1.73 billion, a P/E ratio of 23.98 and a beta of 0.97. The firm’s fifty day moving average is $45.46 and its 200-day moving average is $43.10.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of QVML. Kestra Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 29.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 31,592 shares of the company’s stock worth $1,426,000 after acquiring an additional 7,127 shares in the last quarter. TFB Advisors LLC bought a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth approximately $245,000. Richardson Financial Services Inc. acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $60,000. Ascent Group LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $235,000. Finally, Avestar Capital LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $1,471,000.

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.