Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 1-Year High – Here’s What Happened

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

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.3%

The firm has a market cap of $6.12 billion, a P/E ratio of 27.32 and a beta of 1.02. The company’s 50 day simple moving average is $68.80 and its 200-day simple moving average is $65.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMFL. Bank of New York Mellon Corp boosted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock worth $223,139,000 after buying an additional 931,158 shares during the period. Bank of America Corp DE raised its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% during 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 period. Corient Private Wealth LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter valued at about $21,157,000. Curry Webb Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter valued at about $16,619,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 270.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 211,989 shares of the company’s stock valued at $12,959,000 after acquiring an additional 154,698 shares in 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.