Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Sets New 1-Year High – Time to Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) reached a new 52-week high during trading on Wednesday. The stock traded as high as $71.94 and last traded at $72.24, with a volume of 3,450 shares changing hands. The stock had previously closed at $70.62.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 3.7%

The stock has a market cap of $5.97 billion, a P/E ratio of 27.32 and a beta of 1.02. The business’s 50-day simple moving average is $70.58 and its two-hundred day simple moving average is $67.05.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

A number of institutional investors have recently modified their holdings of OMFL. Citadel Advisors LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter worth $56,909,000. RPg Family Wealth Advisory LLC raised its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 321.1% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 261,885 shares of the company’s stock valued at $17,950,000 after buying an additional 199,688 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 2nd quarter worth $3,549,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 177.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 140,866 shares of the company’s stock worth $9,655,000 after acquiring an additional 90,118 shares during the last quarter. Finally, Semitam Bonam LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the second quarter worth $2,536,000.

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.