Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 12-Month High – Should You Buy?

Shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) reached a new 52-week high on Monday . The company traded as high as $69.05 and last traded at $69.03, with a volume of 4269 shares traded. The stock had previously closed at $68.08.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The business’s 50-day moving average price is $66.07 and its two-hundred day moving average price is $63.38.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

A number of hedge funds have recently made changes to their positions in OMFL. Foguth Wealth Management LLC. acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth about $9,363,000. MGO One Seven LLC raised its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 20.0% during the 4th quarter. MGO One Seven LLC now owns 75,484 shares of the company’s stock worth $4,614,000 after buying an additional 12,577 shares during the period. Independent Advisor Alliance acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth about $774,000. Concurrent Investment Advisors LLC raised its holdings in 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 worth $7,830,000 after buying an additional 43,998 shares during the period. Finally, WCG Wealth Advisors LLC raised its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 249.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 107,819 shares of the company’s stock worth $6,591,000 after buying an additional 76,998 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.