Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Stock Falls 0.4% – Should You Sell?

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

Invesco Russell 2000 Dynamic Multifactor ETF Price Performance

The firm has a 50-day simple moving average of $50.98 and a 200 day simple moving average of $51.17. The stock has a market capitalization of $292.74 million, a P/E ratio of 20.13 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OMFS. United Community Bank acquired a new stake in Invesco Russell 2000 Dynamic Multifactor ETF during the 2nd quarter worth approximately $117,000. Western Wealth Management LLC bought a new stake in Invesco Russell 2000 Dynamic Multifactor ETF during the 1st quarter worth approximately $135,000. Richmond Investment Services LLC acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the 1st quarter valued at approximately $203,000. IFP Advisors Inc acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter valued at approximately $386,000. Finally, Capital Analysts LLC acquired a new position in Invesco Russell 2000 Dynamic Multifactor ETF in the 2nd quarter valued at approximately $492,000.

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.