Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 1-Year High – Here’s Why

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $69.41 and last traded at $69.38, with a volume of 17753 shares. The stock had previously closed at $69.16.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.2%

The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The stock has a fifty day moving average price of $68.11 and a 200-day moving average price of $64.57.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

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

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.