Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Trading Down 1.4% – What’s Next?

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) was down 1.4% on Thursday . The stock traded as low as $47.30 and last traded at $47.49. Approximately 11,229 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 13,570 shares. The stock had previously closed at $48.18.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Performance

The business has a 50 day simple moving average of $46.41 and a 200-day simple moving average of $44.23. The firm has a market cap of $281.14 million, a price-to-earnings ratio of 20.13 and a beta of 1.07.

Institutional Investors Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in Invesco Russell 2000 Dynamic Multifactor ETF during the 2nd quarter valued at $46,000. CWM LLC purchased a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the third quarter valued at about $60,000. NewEdge Advisors LLC bought a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the third quarter valued at about $220,000. Concurrent Investment Advisors LLC bought a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the fourth quarter valued at about $234,000. Finally, Richmond Investment Services LLC purchased a new position in Invesco Russell 2000 Dynamic Multifactor ETF during the second quarter worth about $258,000.

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.