Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Hits New 52-Week High – What’s Next?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) reached a new 52-week high on Monday . The stock traded as high as $69.66 and last traded at $69.65, with a volume of 3200 shares changing hands. The stock had previously closed at $69.19.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

The firm has a 50-day simple moving average of $68.42 and a 200 day simple moving average of $65.12. The stock has a market capitalization of $5.99 billion, a P/E ratio of 27.32 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter valued at approximately $29,000. Sound Income Strategies LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter valued at $37,000. O Shaughnessy Asset Management LLC raised its stake in shares of 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 acquiring an additional 258 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock valued at $43,000 after acquiring an additional 160 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.