Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Stock Price Down 1.4% – Time to Sell?

Shares of Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) fell 1.4% during mid-day trading on Thursday . The company traded as low as $47.30 and last traded at $47.49. 11,229 shares changed hands during trading, a decline of 17% from the average session volume of 13,570 shares. The stock had previously closed at $48.18.

Invesco Russell 2000 Dynamic Multifactor ETF Price Performance

The business has a 50 day moving average price of $46.46 and a 200 day moving average price of $44.28. The firm has a market capitalization of $283.51 million, a P/E ratio of 20.13 and a beta of 1.07.

Institutional Trading of Invesco Russell 2000 Dynamic Multifactor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 135.3% during the second quarter. Osaic Holdings Inc. now owns 35,097 shares of the company’s stock valued at $1,407,000 after purchasing an additional 20,180 shares during the period. First Command Advisory Services Inc. raised its stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 4.3% in the 2nd quarter. First Command Advisory Services Inc. now owns 466,969 shares of the company’s stock valued at $18,721,000 after buying an additional 19,234 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,064,671 shares of the company’s stock worth $42,683,000 after acquiring an additional 30,477 shares during the period. Richmond Investment Services LLC acquired a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the 2nd quarter valued at about $258,000. Finally, Bank of Montreal Can bought a new stake in Invesco Russell 2000 Dynamic Multifactor ETF in the second quarter valued at about $46,000.

About Invesco Russell 2000 Dynamic Multifactor ETF

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.