Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 1-Year High – Time to Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) shares reached a new 52-week high on Monday . The company traded as high as $69.66 and last traded at $69.65, with a volume of 3200 shares traded. The stock had previously closed at $69.19.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 1.4%

The stock’s 50 day moving average price is $68.50 and its 200-day moving average price is $65.23. The stock has a market capitalization of $6.09 billion, a PE ratio of 27.32 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OMFL. Beacon Financial Strategies CORP bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter valued at about $168,000. Financial Enhancement Group LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 6.3% in the second quarter. Financial Enhancement Group LLC now owns 365,652 shares of the company’s stock valued at $25,062,000 after acquiring an additional 21,754 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 20.8% in the second quarter. CoreCap Advisors LLC now owns 911 shares of the company’s stock worth $62,000 after acquiring an additional 157 shares during the period. Western Wealth Management LLC boosted its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 6.8% in the first quarter. Western Wealth Management LLC now owns 29,579 shares of the company’s stock worth $1,778,000 after acquiring an additional 1,889 shares during the period. Finally, Curry Webb Wealth Management LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter worth about $16,619,000.

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.