Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Stock Falls 0.4% – What’s Next?

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS)’s share price fell 0.4% on Friday. The company traded as low as $49.16 and last traded at $49.45. 24,693 shares changed hands during trading, an increase of 94% from the average session volume of 12,714 shares. The stock had previously closed at $49.64.

Invesco Russell 2000 Dynamic Multifactor ETF Trading Down 0.4%

The firm has a market cap of $292.74 million, a price-to-earnings ratio of 20.13 and a beta of 1.07. The company’s 50-day moving average is $50.98 and its 200-day moving average is $51.17.

Hedge Funds Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF

A number of institutional investors have recently modified their holdings of OMFS. QRG Capital Management Inc. acquired a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter valued at approximately $1,086,000. Envestnet Asset Management Inc. boosted its position in Invesco Russell 2000 Dynamic Multifactor ETF by 621.2% in the second quarter. Envestnet Asset Management Inc. now owns 166,998 shares of the company’s stock valued at $8,908,000 after buying an additional 143,844 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth $1,120,000. Capital Analysts LLC bought a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth $492,000. Finally, Insight Wealth Partners LLC bought a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth $557,000.

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.