Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Strong Trading Volume – Here’s Why

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw an uptick in trading volume on Wednesday . 5,228 shares traded hands during trading, an increase of 62% from the previous session’s volume of 3,232 shares.The stock last traded at $34.29 and had previously closed at $34.35.

Invesco S&P 500 QVM Multi-factor ETF Trading Down 0.5 %

The stock has a market capitalization of $1.19 billion, a PE ratio of 23.84 and a beta of 0.98. The stock has a 50 day moving average price of $35.09 and a 200-day moving average price of $34.74.

Invesco S&P 500 QVM Multi-factor ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.1138 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco S&P 500 QVM Multi-factor ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after acquiring an additional 385 shares during the period. RPg Family Wealth Advisory LLC raised its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 2.2% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock valued at $5,960,000 after purchasing an additional 3,775 shares during the period. Finally, 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.

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.