Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.48 and last traded at $71.47, with a volume of 13226 shares trading hands. The stock had previously closed at $71.08.
Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.3%
The firm has a market capitalization of $6.12 billion, a P/E ratio of 27.32 and a beta of 1.02. The company has a 50 day simple moving average of $68.80 and a two-hundred day simple moving average of $65.59.
Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% during the first quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock valued at $223,139,000 after acquiring an additional 931,158 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% during the 2nd quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock valued at $123,862,000 after purchasing an additional 573,361 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter valued at about $21,157,000. Curry Webb Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter valued at about $16,619,000. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 270.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 211,989 shares of the company’s stock worth $12,959,000 after purchasing an additional 154,698 shares during the last quarter.
About Invesco Russell 1000 Dynamic Multifactor ETF
The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions. OMFL was launched on Nov 8, 2017 and is managed by Invesco.
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