Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 12-Month High – Should You Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s stock price reached a new 52-week high on Monday . The stock traded as high as $69.05 and last traded at $69.03, with a volume of 4269 shares changing hands. The stock had previously closed at $68.08.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

The company has a market cap of $5.94 billion, a PE ratio of 27.32 and a beta of 1.02. The company has a 50 day simple moving average of $66.07 and a two-hundred day simple moving average of $63.38.

Institutional Investors Weigh In On Invesco Russell 1000 Dynamic Multifactor ETF

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 17,465 shares of the company’s stock worth $931,000 after purchasing an additional 477 shares during the period. Baird Financial Group Inc. bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter worth approximately $447,000. Marshall Wace LLP bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter worth approximately $218,000. Raymond James Financial Inc. boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 19.0% during the second quarter. Raymond James Financial Inc. now owns 575,217 shares of the company’s stock worth $33,236,000 after purchasing an additional 91,888 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 84.2% during the second quarter. Ausdal Financial Partners Inc. now owns 10,755 shares of the company’s stock worth $621,000 after purchasing an additional 4,915 shares during the period.

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.