Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 12-Month High – Here’s Why

Shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) hit a new 52-week high on Tuesday . The stock traded as high as $65.22 and last traded at $65.19, with a volume of 6812 shares trading hands. The stock had previously closed at $65.01.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 0.4%

The firm has a market capitalization of $5.56 billion, a PE ratio of 27.32 and a beta of 1.02. The firm’s 50 day moving average price is $62.13 and its two-hundred day moving average price is $61.47.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at $26,000. Mather Group LLC. bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 3rd quarter valued at $29,000. Flagship Harbor Advisors LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at $29,000. O Shaughnessy Asset Management LLC boosted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after acquiring an additional 258 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 187.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 862 shares of the company’s stock valued at $52,000 after acquiring an additional 562 shares during the last quarter.

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.