Municipal Employees' Retirement System of Michigan’s Invesco S&P SmallCap 600 QVM Multi-factor ETF QVMS Stock Holding History

Municipal Employees' Retirement System of Michigan’s Portfolio QVMS Stock Details QVMS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$249M	Hold	7,114,414	–	–	2.76%	12
2026 Q1	$207M	Hold	7,114,414	–	–	2.35%	13
2025 Q4	$201M	Hold	7,114,414	–	–	2.27%	14
2025 Q3	$199M	Hold	7,114,414	–	–	2.3%	14
2025 Q2	$183M	Hold	7,114,414	–	–	2.2%	14
2025 Q1	$175M	Hold	7,114,414	–	–	2.22%	14
2024 Q4	$192M	Hold	7,114,414	–	–	2.65%	12
2024 Q3	$194M	Buy	7,114,414 +21,674	+0.3%	+$572K	2.56%	13
2024 Q2	$176M	Sell	7,092,740 -1,502,991	-17%	-$37.5M	2.45%	14
2024 Q1	$221M	Hold	8,595,731	–	–	2.85%	11
2023 Q4	$216M	Hold	8,595,731	–	–	2.88%	10
2023 Q3	$188M	Hold	8,595,731	–	–	2.61%	11
2023 Q2	$198M	Hold	8,595,731	–	–	2.82%	13
2023 Q1	$191M	Buy	8,595,731 +4,157,000	+94%	+$95.6M	2.95%	12
2022 Q4	$96.9M	Buy	4,438,731 +16,908	+0.4%	+$374K	1.56%	17
2022 Q3	$88.4M	Buy	4,421,823 +27,142	+0.6%	+$601K	1.58%	17
2022 Q2	$92.5M	Buy	4,394,681 +2,374,993	+118%	+$53.6M	1.71%	16
2022 Q1	$49.1M	Hold	2,019,688	–	–	0.76%	19
2021 Q4	$52.5M	Buy	2,019,688 +6,226	+0.3%	+$159K	0.84%	18
2021 Q3	$49M	Buy	2,013,462 +7,042	+0.4%	+$172K	0.82%	19
2021 Q2	$50.2M	Buy	+2,006,420	New	+$50.2M	0.68%	19

Other funds holding QVMS

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

GRP

Global Retirement Partners San Rafael, California $6.54B AUM

Municipal Employees' Retirement System of Michigan's QVMS Position: Q2 2026 in Review

Municipal Employees' Retirement System of Michigan held its Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) position steady in Q2 2026 at 7,114,414 shares worth $249M. The position accounts for 2.76% of the portfolio, ranked #12.

Municipal Employees' Retirement System of Michigan first reported a position in QVMS in Q2 2021 and has held it in 21 quarters since. 3 funds tracked by Wall St. Rank hold QVMS as of Q2 2026.

Municipal Employees' Retirement System of Michigan held 7,114,414 shares of Invesco S&P SmallCap 600 QVM Multi-factor ETF worth $249M as of Q2 2026.
Municipal Employees' Retirement System of Michigan left its Invesco S&P SmallCap 600 QVM Multi-factor ETF share count unchanged in Q2 2026.
Invesco S&P SmallCap 600 QVM Multi-factor ETF made up 2.76% of Municipal Employees' Retirement System of Michigan's portfolio in Q2 2026, its #12 holding.
Municipal Employees' Retirement System of Michigan first reported a position in Invesco S&P SmallCap 600 QVM Multi-factor ETF in Q2 2021 and has held it in 21 quarters since.
3 funds tracked by Wall St. Rank held Invesco S&P SmallCap 600 QVM Multi-factor ETF as of Q2 2026.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2026, filed 10 Aug 2026.