Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 52-Week High – Still a Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s share price reached a new 52-week high on Wednesday . The company traded as high as $63.99 and last traded at $63.2150, with a volume of 79948 shares. The stock had previously closed at $63.29.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.4%

The business’s fifty day moving average price is $62.26 and its 200-day moving average price is $60.53. The company has a market capitalization of $5.37 billion, a P/E ratio of 27.32 and a beta of 1.02.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter valued at about $26,000. Mather Group LLC. purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the third quarter valued at approximately $29,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at approximately $29,000. O Shaughnessy Asset Management LLC lifted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after acquiring an additional 258 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 58.1% during the 2nd quarter. Harbour Investments Inc. now owns 792 shares of the company’s stock valued at $46,000 after purchasing an additional 291 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.