Independent Advisor Alliance Invests $774,000 in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Independent Advisor Alliance acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,665 shares of the company’s stock, valued at approximately $774,000.

Several other large investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter worth about $29,000. PNC Financial Services Group Inc. grew its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 187.3% during the third quarter. PNC Financial Services Group Inc. now owns 862 shares of the company’s stock worth $52,000 after purchasing an additional 562 shares during the period. International Assets Investment Management LLC acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter worth approximately $90,000. Transcend Capital Advisors LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the third quarter worth approximately $201,000. Finally, MOR Wealth Management LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter worth approximately $208,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

Shares of OMFL opened at $67.24 on Friday. The firm has a market cap of $5.77 billion, a PE ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 52-week low of $54.94 and a 52-week high of $67.92. The business’s 50 day moving average price is $63.24 and its two-hundred day moving average price is $62.19.

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.