Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sets New 12-Month High – Time to Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $64.03 and last traded at $63.99, with a volume of 202901 shares changing hands. The stock had previously closed at $63.89.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

The firm has a market cap of $5.49 billion, a PE ratio of 27.32 and a beta of 1.02. The firm has a 50-day simple moving average of $61.98 and a 200 day simple moving average of $61.34.

Hedge Funds Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at $26,000. Mather Group LLC. purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the third quarter valued at $29,000. Flagship Harbor Advisors LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at $29,000. O Shaughnessy Asset Management LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after buying an additional 258 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 187.3% during the third quarter. PNC Financial Services Group Inc. now owns 862 shares of the company’s stock valued at $52,000 after buying an additional 562 shares during the period.

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.