Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Up 0.3% – What’s Next?

Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM)’s share price traded up 0.3% during mid-day trading on Monday . The stock traded as high as $29.63 and last traded at $29.63. 199 shares changed hands during trading, a decline of 88% from the average session volume of 1,600 shares. The stock had previously closed at $29.55.

Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Performance

The company has a 50 day moving average of $29.57 and a 200 day moving average of $29.08. The firm has a market cap of $325.04 million, a P/E ratio of 17.75 and a beta of 1.06.

Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF

A number of large investors have recently bought and sold shares of QVMM. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF in the third quarter worth $727,000. Private Advisor Group LLC raised its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF by 35.6% in the 3rd quarter. Private Advisor Group LLC now owns 34,150 shares of the company’s stock worth $987,000 after acquiring an additional 8,962 shares during the period. Finally, Empirical Asset Management LLC raised its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF by 183.5% in the 3rd quarter. Empirical Asset Management LLC now owns 57,263 shares of the company’s stock worth $1,655,000 after acquiring an additional 37,061 shares during the period.

About Invesco S&P MidCap 400 QVM Multi-factor ETF

The Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of US mid-cap stocks that exhibit strong quality, value, and momentum based on a multi-factor score. QVMM was launched on Jun 30, 2021 and is managed by Invesco.