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

Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) saw unusually-strong trading volume on Wednesday . Approximately 5,228 shares were traded 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 Price Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 23.98 and a beta of 0.98. The stock’s fifty day moving average price is $35.05 and its 200-day moving average price is $34.73.

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

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

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 QVM Multi-factor ETF by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,199 shares of the company’s stock worth $698,000 after purchasing an additional 385 shares in the last quarter. RPg Family Wealth Advisory LLC increased its stake in 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 buying an additional 3,775 shares during the period. Finally, Jane Street Group LLC acquired a new position in Invesco S&P 500 QVM Multi-factor ETF in the 3rd quarter valued at approximately $625,000.

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.