Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sets New 52-Week High – Still a Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFLGet Free Report) reached a new 52-week high on Monday . The company traded as high as $69.66 and last traded at $69.65, with a volume of 3200 shares changing hands. The stock had previously closed at $69.19.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.8%

The firm has a market capitalization of $5.99 billion, a P/E ratio of 27.32 and a beta of 1.02. The company has a 50-day moving average of $68.42 and a 200-day moving average of $65.12.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter valued at approximately $37,000. O Shaughnessy Asset Management LLC increased its position in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after purchasing an additional 258 shares during the period. Finally, Parallel Advisors LLC increased its position in Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the 1st quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock valued at $43,000 after purchasing an additional 160 shares during the period.

About Invesco Russell 1000 Dynamic Multifactor ETF

(Get Free Report)

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.

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