Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Trading 0.7% Higher – Time to Buy?

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS)’s stock price traded up 0.7% during mid-day trading on Wednesday . The company traded as high as $27.94 and last traded at $27.94. 972 shares changed hands during trading, a decline of 68% from the average session volume of 3,012 shares. The stock had previously closed at $27.74.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Stock Performance

The business has a 50-day simple moving average of $27.85 and a 200 day simple moving average of $27.43. The firm has a market cap of $200.40 million, a P/E ratio of 14.74 and a beta of 1.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. Cobblestone Capital Advisors LLC NY increased its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,882 shares of the company’s stock after buying an additional 6,161 shares during the period. Cobblestone Capital Advisors LLC NY owned 0.79% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $1,582,000 at the end of the most recent reporting period.

About Invesco S&P SmallCap 600 QVM Multi-factor ETF

The Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of small-cap companies in the US that exhibit quality, value and momentum factors. QVMS was launched on Jun 30, 2021 and is managed by Invesco.