Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Hits New 1-Year High – Here’s Why

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.53 and last traded at $67.47, with a volume of 3935 shares traded. The stock had previously closed at $66.73.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 0.2%

The company’s 50 day moving average price is $62.72 and its two-hundred day moving average price is $61.91. The stock has a market cap of $5.79 billion, a P/E ratio of 27.32 and a beta of 1.02.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Several institutional investors and hedge funds have recently modified their holdings of OMFL. NewEdge Advisors LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 17,465 shares of the company’s stock valued at $931,000 after acquiring an additional 477 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter valued at approximately $447,000. Marshall Wace LLP purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter valued at approximately $218,000. Raymond James Financial Inc. increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 19.0% during the second quarter. Raymond James Financial Inc. now owns 575,217 shares of the company’s stock valued at $33,236,000 after buying an additional 91,888 shares during the period. Finally, Ausdal Financial Partners Inc. increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 84.2% during the second quarter. Ausdal Financial Partners Inc. now owns 10,755 shares of the company’s stock valued at $621,000 after buying an additional 4,915 shares during the period.

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.