Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Sets New 1-Year Low – Here’s What Happened

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) hit a new 52-week low during trading on Monday . The company traded as low as $28.80 and last traded at $29.70, with a volume of 1084 shares changing hands. The stock had previously closed at $30.11.

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

The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 23.98 and a beta of 0.98. The business has a fifty day simple moving average of $34.23 and a 200 day simple moving average of $34.62.

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

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.1138 per share. This is a positive change from Invesco S&P 500 QVM Multi-factor ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 24th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of QVML. Jane Street Group LLC bought a new position in shares of Invesco S&P 500 QVM Multi-factor ETF during the third quarter worth approximately $625,000. RPg Family Wealth Advisory LLC grew its position in Invesco S&P 500 QVM Multi-factor ETF by 2.2% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 172,592 shares of the company’s stock worth $5,960,000 after buying an additional 3,775 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Invesco S&P 500 QVM Multi-factor ETF by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after buying an additional 385 shares in the last quarter.

About Invesco S&P 500 QVM Multi-factor ETF

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.