RFG Advisory LLC Cuts Stake in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

RFG Advisory LLC cut its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 56.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,704 shares of the company’s stock after selling 75,889 shares during the quarter. RFG Advisory LLC’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $4,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 17,465 shares of the company’s stock worth $931,000 after acquiring an additional 477 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the second quarter valued at $447,000. Marshall Wace LLP purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the second quarter valued at $218,000. Raymond James Financial Inc. boosted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 19.0% in the second quarter. Raymond James Financial Inc. now owns 575,217 shares of the company’s stock valued at $33,236,000 after purchasing an additional 91,888 shares during the period. Finally, Ausdal Financial Partners Inc. grew its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 84.2% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,755 shares of the company’s stock worth $621,000 after purchasing an additional 4,915 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

Shares of BATS OMFL opened at $69.43 on Thursday. The stock’s 50-day moving average is $69.87 and its two-hundred day moving average is $66.68. Invesco Russell 1000 Dynamic Multifactor ETF has a 1-year low of $57.12 and a 1-year high of $71.51. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.

Invesco Russell 1000 Dynamic Multifactor ETF Company 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.