Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Shares Up 7.8% – Here’s Why

Shares of Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) rose 7.8% during mid-day 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 Stock Up 5.9%

The company has a market cap of $280.63 million, a P/E ratio of 20.13 and a beta of 1.07. The firm’s 50 day moving average is $45.19 and its two-hundred day moving average is $43.57.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 1,064,671 shares of the company’s stock worth $42,683,000 after buying an additional 30,477 shares during the last quarter. First Command Advisory Services Inc. raised its position in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 0.5% in the 3rd quarter. First Command Advisory Services Inc. now owns 469,301 shares of the company’s stock worth $20,642,000 after acquiring an additional 2,332 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 6.2% in the 3rd quarter. Raymond James Financial Inc. now owns 182,512 shares of the company’s stock valued at $8,028,000 after purchasing an additional 10,726 shares during the period. UBS Group AG boosted its position in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 137.0% during the 3rd quarter. UBS Group AG now owns 99,283 shares of the company’s stock valued at $4,367,000 after purchasing an additional 57,390 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Invesco Russell 2000 Dynamic Multifactor ETF during the third quarter worth approximately $2,692,000.

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.