Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 1-Year High – Still a Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) shares hit a new 52-week high on Tuesday . The stock traded as high as $65.22 and last traded at $65.19, with a volume of 6812 shares changing hands. The stock had previously closed at $65.01.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

The stock has a market capitalization of $5.59 billion, a P/E ratio of 27.32 and a beta of 1.02. The firm’s 50 day moving average price is $62.19 and its 200 day moving average price is $61.52.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter worth $26,000. Mather Group LLC. bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 3rd quarter worth $29,000. Flagship Harbor Advisors LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter worth $29,000. O Shaughnessy Asset Management LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after purchasing an additional 258 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 187.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 862 shares of the company’s stock valued at $52,000 after purchasing an additional 562 shares in the last quarter.

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.