Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVML) Stock Price Down 3.3%

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Invesco S&P 500 QVM Multi-factor ETF (NYSEARCA:QVMLGet Rating) shares were down 3.3% during trading on Thursday . The company traded as low as $22.00 and last traded at $22.00. Approximately 114,044 shares changed hands during mid-day trading, an increase of 2,471% from the average daily volume of 4,436 shares. The stock had previously closed at $22.75.

The business has a fifty day moving average of $24.61 and a 200 day moving average of $25.94.

A number of institutional investors and hedge funds have recently modified their holdings of QVML. UBS Group AG raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 664.4% during the first quarter. UBS Group AG now owns 1,009 shares of the company’s stock valued at $27,000 after buying an additional 877 shares in the last quarter. Jane Street Group LLC raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 27.7% during the third quarter. Jane Street Group LLC now owns 29,703 shares of the company’s stock valued at $747,000 after buying an additional 6,451 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Invesco S&P 500 QVM Multi-factor ETF by 0.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 30,308,026 shares of the company’s stock valued at $808,788,000 after buying an additional 248,620 shares in the last quarter.

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