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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s stock price reached a new 52-week high on Monday . The company traded as high as $65.40 and last traded at $65.35, with a volume of 9186 shares changing hands. The stock had previously closed at $65.29.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.0%

The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The stock’s 50-day moving average price is $62.30 and its 200-day moving average price is $61.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OMFL. LPL Financial LLC increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 3.3% in the fourth quarter. LPL Financial LLC now owns 2,796,098 shares of the company’s stock worth $170,925,000 after purchasing an additional 89,003 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,780,409 shares of the company’s stock valued at $169,966,000 after acquiring an additional 64,978 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% in the 2nd quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock valued at $123,862,000 after acquiring an additional 573,361 shares in the last quarter. Mariner LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 1.2% during the 4th quarter. Mariner LLC now owns 885,885 shares of the company’s stock valued at $54,156,000 after acquiring an additional 10,923 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 797,154 shares of the company’s stock valued at $48,036,000 after acquiring an additional 4,171 shares during the period.

About Invesco Russell 1000 Dynamic Multifactor ETF

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.