Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 12-Month High – Still a Buy?

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $35.39 and last traded at $35.39, with a volume of 449 shares trading hands. The stock had previously closed at $35.25.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.4 %

The stock’s 50-day moving average is $34.38 and its 200 day moving average is $33.06. The stock has a market capitalization of $1.08 billion, a PE ratio of 25.29 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter valued at $625,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Invesco S&P 500 QVM Multi-factor ETF during the 3rd quarter worth $5,727,000. Finally, Cetera Investment Advisers grew its holdings in shares of Invesco S&P 500 QVM Multi-factor ETF by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 140,360 shares of the company’s stock worth $4,546,000 after purchasing an additional 1,390 shares in the last quarter.

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.