Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) is IFG Advisory LLC’s 3rd Largest Position

IFG Advisory LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 73.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 675,189 shares of the company’s stock after acquiring an additional 285,711 shares during the period. Invesco Russell 1000 Dynamic Multifactor ETF comprises about 2.5% of IFG Advisory LLC’s investment portfolio, making the stock its 3rd biggest position. IFG Advisory LLC’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $34,711,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 524.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,198,532 shares of the company’s stock worth $100,781,000 after buying an additional 1,846,484 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 133.0% in the second quarter. Wells Fargo & Company MN now owns 2,322,765 shares of the company’s stock valued at $113,769,000 after purchasing an additional 1,325,776 shares in the last quarter. CI Private Wealth LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $50,814,000. Osaic Holdings Inc. grew its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 192.8% in the second quarter. Osaic Holdings Inc. now owns 1,562,957 shares of the company’s stock valued at $76,564,000 after purchasing an additional 1,029,193 shares in the last quarter. Finally, Orrstown Financial Services Inc. purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $33,261,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 1.9 %

OMFL stock opened at $54.92 on Thursday. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 11.24 and a beta of 0.98. The firm has a 50-day moving average of $51.64 and a 200 day moving average of $48.98.

Invesco Russell 1000 Dynamic Multifactor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.2461 per share. This is a boost from Invesco Russell 1000 Dynamic Multifactor ETF’s previous dividend of $0.21. The ex-dividend date of this dividend was Monday, March 18th.

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.