Independent Advisor Alliance Acquires Shares of 986,596 Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)

Independent Advisor Alliance acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 986,596 shares of the company’s stock, valued at approximately $53,503,000. Invesco Russell 1000 Dynamic Multifactor ETF makes up about 0.7% of Independent Advisor Alliance’s holdings, making the stock its 20th biggest position. Independent Advisor Alliance owned 0.84% of Invesco Russell 1000 Dynamic Multifactor ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMFL. Sowell Financial Services LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at $867,000. Axis Wealth Partners LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at $456,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth $1,130,000. Elevation Capital Advisory LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 6.6% during the 4th quarter. Elevation Capital Advisory LLC now owns 24,733 shares of the company’s stock worth $1,341,000 after buying an additional 1,532 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth $44,315,000.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 1.1 %

Shares of OMFL stock opened at $54.51 on Monday. The company has a market cap of $4.78 billion, a P/E ratio of 27.81 and a beta of 1.02. The stock’s fifty day simple moving average is $55.70 and its two-hundred day simple moving average is $54.42.

Invesco Russell 1000 Dynamic Multifactor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0768 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.