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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $68.78 and last traded at $68.47, with a volume of 75967 shares traded. The stock had previously closed at $68.58.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 0.2%

The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The company’s 50 day moving average price is $64.23 and its 200 day moving average price is $62.63.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

A number of large investors have recently made changes to their positions in the stock. Arete Wealth Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter valued at $3,760,000. Western Wealth Management LLC grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 6.8% during the first quarter. Western Wealth Management LLC now owns 29,579 shares of the company’s stock valued at $1,778,000 after buying an additional 1,889 shares during the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 4.3% during the first quarter. Ashton Thomas Securities LLC now owns 390,020 shares of the company’s stock valued at $23,448,000 after buying an additional 16,008 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 10.3% during the first quarter. Arkadios Wealth Advisors now owns 697,082 shares of the company’s stock valued at $41,909,000 after buying an additional 64,911 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter valued at $4,081,000.

About Invesco Russell 1000 Dynamic Multifactor ETF

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.