Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 12-Month High – Here’s Why

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s share price reached a new 52-week high on Friday . The stock traded as high as $68.18 and last traded at $68.11, with a volume of 28712 shares. The stock had previously closed at $67.67.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.7%

The firm’s 50 day moving average is $63.69 and its two-hundred day moving average is $62.39. The firm has a market cap of $5.85 billion, a P/E ratio of 27.32 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter worth $29,000. Sound Income Strategies LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter worth $37,000. O Shaughnessy Asset Management LLC lifted its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock worth $37,000 after purchasing an additional 258 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 160 shares in 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.