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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $69.41 and last traded at $69.38, with a volume of 17753 shares trading hands. The stock had previously closed at $69.16.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Down 1.0%

The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02. The firm’s 50 day moving average price is $68.19 and its two-hundred day moving average price is $64.65.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Several institutional investors and hedge funds have recently bought and sold shares of OMFL. CoreCap Advisors LLC increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 20.8% during the second quarter. CoreCap Advisors LLC now owns 911 shares of the company’s stock valued at $62,000 after acquiring an additional 157 shares in the last quarter. Parallel Advisors LLC raised its position in Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% in the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after acquiring an additional 160 shares during the period. Defined Wealth Management LLC lifted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 0.5% during the first quarter. Defined Wealth Management LLC now owns 41,828 shares of the company’s stock valued at $2,515,000 after purchasing an additional 217 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after buying an additional 258 shares in the last quarter. Finally, Axis Wealth Partners LLC boosted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% in the fourth quarter. Axis Wealth Partners LLC now owns 9,885 shares of the company’s stock worth $604,000 after purchasing an additional 276 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.