Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sees Large Volume Increase – What’s Next?

Shares of Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw strong trading volume on Wednesday . 5,228 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 3,232 shares.The stock last traded at $34.29 and had previously closed at $34.35.

Invesco S&P 500 QVM Multi-factor ETF Stock Down 0.2 %

The company’s 50 day simple moving average is $35.05 and its two-hundred day simple moving average is $34.73. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.98 and a beta of 0.98.

Invesco S&P 500 QVM Multi-factor ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.1138 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco S&P 500 QVM Multi-factor ETF’s previous dividend of $0.09.

Institutional Trading of Invesco S&P 500 QVM Multi-factor ETF

Several large investors have recently bought and sold shares of QVML. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 QVM Multi-factor ETF in the third quarter worth $625,000. RPg Family Wealth Advisory LLC increased its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 2.2% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock valued at $5,960,000 after acquiring an additional 3,775 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after acquiring an additional 385 shares during the last quarter.

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.