Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM – Get Free Report) dropped 0.6% on Friday . The stock traded as low as $27.31 and last traded at $27.31. Approximately 66 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 2,120 shares. The stock had previously closed at $27.48.
Invesco S&P MidCap 400 QVM Multi-factor ETF Stock Down 0.6 %
The firm has a market cap of $332.36 million, a P/E ratio of 17.72 and a beta of 1.08. The business has a fifty day simple moving average of $28.84 and a 200-day simple moving average of $29.12.
Institutional Investors Weigh In On Invesco S&P MidCap 400 QVM Multi-factor ETF
Several hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in Invesco S&P MidCap 400 QVM Multi-factor ETF by 22.1% in the fourth quarter. Private Advisor Group LLC now owns 41,695 shares of the company’s stock worth $1,196,000 after acquiring an additional 7,545 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 22.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,726 shares of the company’s stock worth $881,000 after purchasing an additional 5,586 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Invesco S&P MidCap 400 QVM Multi-factor ETF by 3.7% in the 4th quarter. LPL Financial LLC now owns 108,611 shares of the company’s stock worth $3,115,000 after purchasing an additional 3,834 shares in the last quarter.
Invesco S&P MidCap 400 QVM Multi-factor ETF Company Profile
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.
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