Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL – Get Free Report) shares hit a new 52-week high on Wednesday. The company traded as high as $71.94 and last traded at $72.24, with a volume of 3,450 shares changing hands. The stock had previously closed at $70.62.
Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 2.4%
The company’s fifty day moving average price is $70.58 and its two-hundred day moving average price is $66.97. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.
Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMFL. Bank of New York Mellon Corp boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% during the 1st quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock worth $223,139,000 after buying an additional 931,158 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at about $56,909,000. Envestnet Asset Management Inc. increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 136.4% in the second quarter. Envestnet Asset Management Inc. now owns 798,161 shares of the company’s stock valued at $54,706,000 after acquiring an additional 460,593 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 10.3% in the first quarter. Arkadios Wealth Advisors now owns 697,082 shares of the company’s stock valued at $41,909,000 after acquiring an additional 64,911 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the third quarter valued at about $27,960,000.
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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