Northwestern Mutual Wealth Management Co. Reduces Stake in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Northwestern Mutual Wealth Management Co. trimmed its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,480 shares of the company’s stock after selling 10,711 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.14% of Invesco Russell 1000 Dynamic Multifactor ETF worth $7,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMFL. Bank of America Corp DE boosted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% in the second quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock valued at $123,862,000 after acquiring an additional 573,361 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter valued at approximately $21,157,000. Matthew Goff Investment Advisor LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at approximately $16,394,000. Axxcess Wealth Management LLC lifted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 270.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 211,989 shares of the company’s stock valued at $12,959,000 after buying an additional 154,698 shares in the last quarter. Finally, Foguth Wealth Management LLC. purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at approximately $9,363,000.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.0%

Shares of OMFL stock opened at $68.61 on Wednesday. The stock has a market capitalization of $5.89 billion, a P/E ratio of 27.32 and a beta of 1.02. The firm’s 50 day moving average is $64.66 and its 200 day moving average is $62.80. Invesco Russell 1000 Dynamic Multifactor ETF has a 12 month low of $55.50 and a 12 month high of $68.87.

Invesco Russell 1000 Dynamic Multifactor ETF Profile

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.