Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Reaches New 1-Year High – What’s Next?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $35.96 and last traded at $35.77, with a volume of 271 shares. The stock had previously closed at $35.76.

Invesco S&P 500 QVM Multi-factor ETF Price Performance

The company has a market cap of $1.09 billion, a PE ratio of 25.29 and a beta of 0.98. The stock has a 50 day simple moving average of $35.24 and a two-hundred day simple moving average of $34.17.

Hedge Funds Weigh In On Invesco S&P 500 QVM Multi-factor ETF

A hedge fund recently bought a new stake in Invesco S&P 500 QVM Multi-factor ETF stock. Jane Street Group LLC acquired a new stake in Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,418 shares of the company’s stock, valued at approximately $625,000. Jane Street Group LLC owned approximately 0.06% of Invesco S&P 500 QVM Multi-factor ETF as of its most recent SEC filing.

Invesco S&P 500 QVM Multi-factor ETF Company Profile

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.