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

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-high trading volume on Wednesday . Approximately 4,314 shares traded hands during trading, an increase of 24% from the previous session’s volume of 3,473 shares.The stock last traded at $34.32 and had previously closed at $34.36.

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

The firm has a 50-day moving average of $33.33 and a 200 day moving average of $32.18. The company has a market capitalization of $1.06 billion, a PE ratio of 25.29 and a beta of 0.98.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

An institutional investor recently bought a new position in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers bought a new stake in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned 0.45% of Invesco S&P 500 QVM Multi-factor ETF as of its most recent filing with the Securities & Exchange Commission.

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.