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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s share price hit a new 52-week high during mid-day trading on Friday. The company traded as high as $71.54 and last traded at $71.4960, with a volume of 177067 shares changing hands. The stock had previously closed at $71.03.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.6%

The firm has a 50 day moving average of $70.43 and a two-hundred day moving average of $67.85. The stock has a market capitalization of $6.13 billion, a PE ratio of 27.32 and a beta of 1.02.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Several large investors have recently modified their holdings of OMFL. Bank of New York Mellon Corp grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% during the first quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock worth $223,139,000 after buying an additional 931,158 shares in the last quarter. LPL Financial LLC increased its position in Invesco Russell 1000 Dynamic Multifactor ETF by 3.3% during the fourth quarter. LPL Financial LLC now owns 2,796,098 shares of the company’s stock worth $170,925,000 after purchasing an additional 89,003 shares during the last quarter. Citadel Advisors LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter worth approximately $56,909,000. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 136.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 798,161 shares of the company’s stock worth $54,706,000 after buying an additional 460,593 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 10.3% in the 1st quarter. Arkadios Wealth Advisors now owns 697,082 shares of the company’s stock worth $41,909,000 after buying an additional 64,911 shares during the period.

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.