Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) Shares Down 0.4% – Should You Sell?

Shares of Invesco S&P MidCap 400 QVM Multi-factor ETF (NYSEARCA:QVMM) fell 0.4% on Thursday . The stock traded as low as $31.14 and last traded at $31.14. 1,532 shares traded hands during trading, a decline of 25% from the average session volume of 2,041 shares. The stock had previously closed at $31.26.

Invesco S&P MidCap 400 QVM Multi-factor ETF Trading Up 0.2 %

The firm has a fifty day moving average of $29.46 and a two-hundred day moving average of $28.28. The company has a market cap of $342.09 million, a PE ratio of 17.75 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in Invesco S&P MidCap 400 QVM Multi-factor ETF in the 3rd quarter worth about $727,000. Private Advisor Group LLC lifted its holdings in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 35.6% in the third quarter. Private Advisor Group LLC now owns 34,150 shares of the company’s stock worth $987,000 after buying an additional 8,962 shares in the last quarter. Finally, Empirical Asset Management LLC boosted its position in shares of Invesco S&P MidCap 400 QVM Multi-factor ETF by 183.5% in the third quarter. Empirical Asset Management LLC now owns 57,263 shares of the company’s stock valued at $1,655,000 after acquiring an additional 37,061 shares during the period.

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.