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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $68.18 and last traded at $68.11, with a volume of 28712 shares traded. The stock had previously closed at $67.67.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The company has a 50-day moving average of $63.81 and a 200-day moving average of $62.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OMFL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth approximately $29,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 1st quarter worth approximately $37,000. O Shaughnessy Asset Management LLC raised its position in shares of 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 worth $37,000 after purchasing an additional 258 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the 1st quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after purchasing an additional 160 shares during the last quarter.

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.