Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 1-Year High – Still a Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) shares reached a new 52-week high on Thursday . The stock traded as high as $71.48 and last traded at $71.47, with a volume of 13226 shares. The stock had previously closed at $71.08.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Down 0.2%

The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The company has a 50-day moving average of $68.93 and a 200-day moving average of $65.69.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

A number of institutional investors have recently modified their holdings of OMFL. CoreCap Advisors LLC lifted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 20.8% in the second quarter. CoreCap Advisors LLC now owns 911 shares of the company’s stock worth $62,000 after acquiring an additional 157 shares during the last quarter. Parallel Advisors LLC lifted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% in the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock valued at $43,000 after buying an additional 160 shares during the last quarter. Defined Wealth Management LLC grew its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% during the first quarter. Defined Wealth Management LLC now owns 41,828 shares of the company’s stock worth $2,515,000 after acquiring an additional 217 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after acquiring an additional 258 shares during the period. Finally, Axis Wealth Partners LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% in the 4th quarter. Axis Wealth Partners LLC now owns 9,885 shares of the company’s stock valued at $604,000 after purchasing an additional 276 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.