Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) Trading 2.3% Higher – Here’s Why

Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) shot up 2.3% during mid-day trading on Monday . The company traded as high as $25.35 and last traded at $25.35. 276 shares were traded during mid-day trading, a decline of 70% from the average session volume of 927 shares. The stock had previously closed at $24.79.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Trading Up 2.3 %

The firm has a market capitalization of $186.07 million, a price-to-earnings ratio of 15.91 and a beta of 1.06. The firm’s 50-day moving average is $26.61 and its 200 day moving average is $27.31.

Invesco S&P SmallCap 600 QVM Multi-factor ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.0488 per share. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Trading of Invesco S&P SmallCap 600 QVM Multi-factor ETF

An institutional investor recently raised its position in Invesco S&P SmallCap 600 QVM Multi-factor ETF stock. LPL Financial LLC boosted its stake in Invesco S&P SmallCap 600 QVM Multi-factor ETF (NYSEARCA:QVMS) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,267 shares of the company’s stock after acquiring an additional 1,629 shares during the period. LPL Financial LLC owned 0.39% of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $765,000 at the end of the most recent quarter.

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.