Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Hits New 12-Month High – What’s Next?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s share price hit a new 52-week high on Thursday . The company traded as high as $68.78 and last traded at $68.47, with a volume of 75967 shares traded. The stock had previously closed at $68.58.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 0.2%

The business’s 50-day simple moving average is $64.23 and its two-hundred day simple moving average is $62.63. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 4th quarter worth about $29,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the 1st quarter worth about $37,000. O Shaughnessy Asset Management LLC raised 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 worth $37,000 after purchasing an additional 258 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the 1st quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after purchasing an additional 160 shares during 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.