Perennial Investment Advisors LLC Trims Holdings in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Perennial Investment Advisors LLC reduced its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 22.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 73,135 shares of the company’s stock after selling 21,715 shares during the period. Perennial Investment Advisors LLC’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $4,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 8.8% during the 2nd quarter. Invesco Ltd. now owns 20,645,448 shares of the company’s stock worth $1,192,894,000 after acquiring an additional 1,671,104 shares during the period. Bank of New York Mellon Corp increased its position in Invesco Russell 1000 Dynamic Multifactor ETF by 1.3% during the third 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. Bank of America Corp DE increased its position in Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% during the second quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock worth $123,862,000 after purchasing an additional 573,361 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 797,154 shares of the company’s stock worth $48,036,000 after purchasing an additional 4,171 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 5.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 708,344 shares of the company’s stock valued at $42,685,000 after purchasing an additional 36,349 shares during the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $62.30 on Friday. The firm has a 50 day simple moving average of $62.71 and a 200-day simple moving average of $60.98. Invesco Russell 1000 Dynamic Multifactor ETF has a 1-year low of $47.00 and a 1-year high of $63.99. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.

Invesco Russell 1000 Dynamic Multifactor ETF 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.