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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $66.29 and last traded at $66.24, with a volume of 55871 shares changing hands. The stock had previously closed at $65.57.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 1.0%

The stock has a market capitalization of $5.68 billion, a PE ratio of 27.32 and a beta of 1.02. The firm’s fifty day moving average is $62.50 and its 200-day moving average is $61.76.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Several institutional investors and hedge funds have recently bought and sold shares of OMFL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter valued at about $26,000. Mather Group LLC. acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 3rd quarter valued at about $29,000. Flagship Harbor Advisors LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter valued at about $29,000. Sound Income Strategies LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 1st quarter valued at about $37,000. Finally, O Shaughnessy Asset Management LLC grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in 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 in 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.