Orrstown Financial Services Inc. Cuts Holdings in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Orrstown Financial Services Inc. decreased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,660 shares of the company’s stock after selling 10,823 shares during the period. Invesco Russell 1000 Dynamic Multifactor ETF comprises about 0.5% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 23rd biggest holding. Orrstown Financial Services Inc. owned 0.06% of Invesco Russell 1000 Dynamic Multifactor ETF worth $3,472,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC raised its position in Invesco Russell 1000 Dynamic Multifactor ETF by 4.3% in the 1st quarter. Ashton Thomas Securities LLC now owns 390,020 shares of the company’s stock worth $23,448,000 after buying an additional 16,008 shares during the last quarter. RFG Advisory LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 1st quarter valued at about $8,152,000. Curry Webb Wealth Management LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 1st quarter valued at about $16,619,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 52.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 128,091 shares of the company’s stock valued at $7,830,000 after acquiring an additional 43,998 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 20.0% in the fourth quarter. MGO One Seven LLC now owns 75,484 shares of the company’s stock worth $4,614,000 after acquiring an additional 12,577 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 0.1%

Shares of OMFL stock opened at $71.23 on Tuesday. The company has a 50 day moving average price of $68.70 and a 200-day moving average price of $65.47. Invesco Russell 1000 Dynamic Multifactor ETF has a 52 week low of $57.12 and a 52 week high of $71.48. The firm has a market capitalization of $6.11 billion, a PE 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.