Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Hits New 1-Year High – What’s Next?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.62 and last traded at $34.62, with a volume of 435 shares trading hands. The stock had previously closed at $34.40.

Invesco S&P 500 QVM Multi-factor ETF Stock Up 0.5 %

The firm has a market cap of $1.06 billion, a P/E ratio of 25.29 and a beta of 0.98. The stock’s 50-day moving average is $33.20 and its 200-day moving average is $32.14.

Institutional Trading of 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 shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

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.