Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)
Invesco S&P MidCap 400 QVM Multi-factor ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $36.49, up 0.22% on the session, giving a market capitalisation of $444.3M. Its beta of 1.00 implies it has historically moved more than the broad market.
The Invesco S&P MidCap 400 QVM Multi-factor ETF, referred to as the Fund, is designed to closely track the performance of its underlying benchmark, the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index. Typically, the Fund allocates a minimum of 90% of its total assets to the common equity securities that make up this Index. The Index itself is curated to reflect the returns of a specific selection of companies chosen from the wider S&P MidCap 400 Index. These companies are identified based on their strong exhibition of three key investment characteristics: quality, value, and momentum. Both the Fund's holdings and the Index composition are reviewed and adjusted every three months, specifically during March, June, September, and December.
Invesco S&P MidCap 400 QVM Multi-factor ETF is most often compared with the following Financial Services names: