Truist Financial Corp Trims Stock Holdings in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Truist Financial Corp lowered its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 8.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 180,700 shares of the company’s stock after selling 17,276 shares during the quarter. Truist Financial Corp’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $10,889,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 24,263 shares of the company’s stock valued at $1,402,000 after acquiring an additional 199 shares during the period. Richards Merrill & Peterson Inc. raised its position in Invesco Russell 1000 Dynamic Multifactor ETF by 9.0% in the second quarter. Richards Merrill & Peterson Inc. now owns 2,875 shares of the company’s stock valued at $166,000 after purchasing an additional 238 shares during the period. CWM LLC lifted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 5.8% during the third quarter. CWM LLC now owns 4,372 shares of the company’s stock worth $263,000 after purchasing an additional 238 shares in the last quarter. Axis Wealth Partners LLC boosted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% during the third quarter. Axis Wealth Partners LLC now owns 9,609 shares of the company’s stock worth $579,000 after buying an additional 271 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 58.1% during the second quarter. Harbour Investments Inc. now owns 792 shares of the company’s stock worth $46,000 after buying an additional 291 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 16.4%

OMFL stock opened at $62.77 on Monday. The business’s fifty day moving average price is $61.81 and its 200 day moving average price is $60.26. Invesco Russell 1000 Dynamic Multifactor ETF has a 12-month low of $46.79 and a 12-month high of $58.40. The company has a market capitalization of $5.39 billion, a PE ratio of 27.32 and a beta of 1.02.

Invesco Russell 1000 Dynamic Multifactor ETF 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.