HB Wealth Management LLC Purchases 13,062 Shares of Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

HB Wealth Management LLC lifted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 395.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,364 shares of the company’s stock after acquiring an additional 13,062 shares during the quarter. HB Wealth Management LLC’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $984,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.8% in the first quarter. NewEdge Advisors LLC now owns 17,465 shares of the company’s stock valued at $931,000 after purchasing an additional 477 shares in the last quarter. Baird Financial Group Inc. bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at $447,000. Marshall Wace LLP bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at $218,000. Raymond James Financial Inc. increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 19.0% in the 2nd quarter. Raymond James Financial Inc. now owns 575,217 shares of the company’s stock valued at $33,236,000 after buying an additional 91,888 shares during the period. Finally, Ausdal Financial Partners Inc. increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 84.2% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,755 shares of the company’s stock valued at $621,000 after buying an additional 4,915 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Down 0.4%

Shares of BATS OMFL opened at $68.51 on Thursday. Invesco Russell 1000 Dynamic Multifactor ETF has a 1 year low of $57.12 and a 1 year high of $69.36. The firm’s 50-day moving average is $67.79 and its 200-day moving average is $64.32. The firm has a market capitalization of $5.88 billion, a PE ratio of 27.32 and a beta of 1.02.

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.