Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC cut its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 193,823 shares of the company’s stock after selling 9,990 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $9,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMFL. Kestra Private Wealth Services LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 4.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,924 shares of the company’s stock valued at $305,000 after acquiring an additional 234 shares during the period. Cozad Asset Management Inc. increased its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 0.3% in the 3rd quarter. Cozad Asset Management Inc. now owns 77,305 shares of the company’s stock valued at $3,544,000 after purchasing an additional 263 shares during the last quarter. PFG Advisors raised its position in Invesco Russell 1000 Dynamic Multifactor ETF by 0.7% in the fourth quarter. PFG Advisors now owns 38,772 shares of the company’s stock valued at $1,993,000 after purchasing an additional 278 shares during the period. Assetmark Inc. lifted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 8.7% during the third quarter. Assetmark Inc. now owns 3,712 shares of the company’s stock worth $170,000 after purchasing an additional 296 shares in the last quarter. Finally, Defined Wealth Management LLC boosted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.8% during the fourth quarter. Defined Wealth Management LLC now owns 39,642 shares of the company’s stock worth $2,038,000 after buying an additional 302 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

Shares of BATS OMFL traded up $0.45 during trading on Friday, reaching $52.79. The stock had a trading volume of 198,423 shares. The stock has a fifty day moving average price of $52.95 and a 200-day moving average price of $50.19. The stock has a market capitalization of $6.18 billion, a P/E ratio of 21.45 and a beta of 0.94.

Invesco Russell 1000 Dynamic Multifactor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.2461 dividend. This is an increase from Invesco Russell 1000 Dynamic Multifactor ETF’s previous dividend of $0.21. The ex-dividend date was Monday, March 18th.

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.