Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 52-Week High at $32.73

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML)’s share price hit a new 52-week high on Wednesday . The company traded as high as $32.73 and last traded at $32.73, with a volume of 13 shares. The stock had previously closed at $32.59.

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

The firm has a market cap of $1.00 billion, a P/E ratio of 25.29 and a beta of 0.98. The firm has a fifty day moving average of $31.47 and a 200-day moving average of $30.14.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A hedge fund recently bought a new stake in Invesco S&P 500 QVM Multi-factor ETF stock. Cetera Investment Advisers purchased a new position in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 138,970 shares of the company’s stock, valued at approximately $4,324,000. Cetera Investment Advisers owned approximately 0.45% of Invesco S&P 500 QVM Multi-factor ETF as of its most recent filing with the Securities & Exchange Commission.

About Invesco S&P 500 QVM Multi-factor ETF

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.