Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Trading Down 0.7% – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) fell 0.7% during trading on Monday . The stock traded as low as $27.14 and last traded at $27.15. 241 shares changed hands during trading, a decline of 63% from the average session volume of 643 shares. The stock had previously closed at $27.33.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Up 0.9 %

The company’s 50 day moving average price is $28.34 and its two-hundred day moving average price is $26.94. The stock has a market cap of $199.75 million, a P/E ratio of 14.74 and a beta of 1.12.

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

A hedge fund recently raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Cobblestone Capital Advisors LLC NY grew its stake in shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,721 shares of the company’s stock after buying an additional 2,769 shares during the period. Cobblestone Capital Advisors LLC NY owned 0.71% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $1,286,000 at the end of the most recent reporting period.

About Invesco S&P SmallCap 600 QVM Multi-factor ETF

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.