Independent Advisor Alliance Buys New Holdings in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Independent Advisor Alliance purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,665 shares of the company’s stock, valued at approximately $774,000.

A number of other hedge funds have also recently added to or reduced their stakes in OMFL. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $163,632,000 after acquiring an additional 34,893 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 worth $123,862,000 after purchasing an additional 573,361 shares in the last quarter. Mariner LLC grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 0.8% in the 3rd quarter. Mariner LLC now owns 874,962 shares of the company’s stock valued at $52,725,000 after purchasing an additional 7,203 shares during the period. Deseret Mutual Benefit Administrators grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 797,154 shares of the company’s stock valued at $48,036,000 after purchasing an additional 4,171 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 5.4% during 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 in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Down 0.7%

OMFL opened at $67.24 on Friday. The company’s fifty day moving average price is $63.24 and its two-hundred day moving average price is $62.19. Invesco Russell 1000 Dynamic Multifactor ETF has a 1-year low of $54.94 and a 1-year high of $67.92. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.

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.