Envestnet Portfolio Solutions Inc. Reduces Stake in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Envestnet Portfolio Solutions Inc. lowered its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 32.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,436 shares of the company’s stock after selling 3,029 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OMFL. Bank of New York Mellon Corp grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 16.5% in the first quarter. Bank of New York Mellon Corp now owns 2,632,669 shares of the company’s stock worth $140,348,000 after acquiring an additional 372,297 shares in the last quarter. Waller Financial Planning Group Inc. grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 19.2% in the second quarter. Waller Financial Planning Group Inc. now owns 592,265 shares of the company’s stock worth $34,221,000 after acquiring an additional 95,471 shares in the last quarter. Consolidated Planning Corp purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the second quarter worth about $3,988,000. Kingsview Wealth Management LLC grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 629.5% in the first quarter. Kingsview Wealth Management LLC now owns 59,392 shares of the company’s stock worth $3,166,000 after acquiring an additional 51,250 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 154.5% in the second quarter. Concurrent Investment Advisors LLC now owns 71,733 shares of the company’s stock worth $4,145,000 after acquiring an additional 43,543 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 11.5%

OMFL opened at $60.10 on Thursday. The firm has a market cap of $5.16 billion, a P/E ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 12 month low of $46.79 and a 12 month high of $58.40. The stock has a 50-day moving average of $59.72 and a 200 day moving average of $57.12.

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.