Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 12-Month High – What’s Next?

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

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

The firm’s 50-day simple moving average is $62.40 and its 200 day simple moving average is $61.68. The stock has a market capitalization of $5.59 billion, a P/E ratio of 27.32 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 138.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 362,846 shares of the company’s stock worth $21,868,000 after purchasing an additional 210,910 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 17.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 84,093 shares of the company’s stock worth $5,067,000 after purchasing an additional 12,360 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,715,431 shares of the company’s stock worth $163,632,000 after purchasing an additional 34,893 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 3rd quarter worth about $2,208,000. Finally, Rooted Wealth Advisors Inc. increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 13.3% during the 3rd quarter. Rooted Wealth Advisors Inc. now owns 101,664 shares of the company’s stock worth $6,119,000 after purchasing an additional 11,940 shares during the last quarter.

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.