Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Shares Down 0.7% – Time to Sell?

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

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Down 0.7 %

The stock has a market cap of $197.92 million, a P/E ratio of 14.74 and a beta of 1.12. The company has a 50-day simple moving average of $28.34 and a two-hundred day simple moving average of $26.90.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Cobblestone Capital Advisors LLC NY raised its holdings in 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 SEC. The fund owned 51,721 shares of the company’s stock after buying an additional 2,769 shares during the quarter. Cobblestone Capital Advisors LLC NY owned about 0.71% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $1,286,000 at the end of the most recent quarter.

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.