Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Trading Up 7.8% – Still a Buy?

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS)’s share price was up 7.8% during trading on Thursday . The stock traded as high as $45.5950 and last traded at $48.2210. Approximately 7,644 shares were traded during trading, a decline of 69% from the average daily volume of 24,504 shares. The stock had previously closed at $44.75.

Invesco Russell 2000 Dynamic Multifactor ETF Trading Up 7.8%

The stock has a market cap of $285.47 million, a P/E ratio of 20.13 and a beta of 1.07. The stock’s fifty day moving average price is $45.09 and its 200 day moving average price is $43.52.

Hedge Funds Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the 2nd quarter valued at about $46,000. CWM LLC purchased a new stake in Invesco Russell 2000 Dynamic Multifactor ETF in the third quarter worth approximately $60,000. NewEdge Advisors LLC bought a new position in Invesco Russell 2000 Dynamic Multifactor ETF during the third quarter valued at approximately $220,000. Richmond Investment Services LLC purchased a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth approximately $258,000. Finally, Brooklyn Investment Group raised its stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 227.6% during the third quarter. Brooklyn Investment Group now owns 8,858 shares of the company’s stock worth $390,000 after acquiring an additional 6,154 shares in the last quarter.

About Invesco Russell 2000 Dynamic Multifactor ETF

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.