Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Shares Up 0.8% – Still a Buy?

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) rose 0.8% during trading on Monday . The company traded as high as $52.61 and last traded at $52.58. Approximately 13,314 shares were traded during trading, a decline of 11% from the average session volume of 14,963 shares. The stock had previously closed at $52.18.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Up 0.8%

The firm’s 50 day moving average price is $50.32 and its two-hundred day moving average price is $47.74. The firm has a market capitalization of $311.27 million, a PE ratio of 20.13 and a beta of 1.07.

Institutional Trading of Invesco Russell 2000 Dynamic Multifactor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of OMFS. Ameriflex Group Inc. purchased a new stake in Invesco Russell 2000 Dynamic Multifactor ETF during the 4th quarter worth approximately $49,000. Western Wealth Management LLC purchased a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the 1st quarter valued at approximately $135,000. Richmond Investment Services LLC acquired a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the first quarter worth approximately $203,000. NewEdge Advisors LLC acquired a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the third quarter worth approximately $220,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the fourth quarter worth $234,000.

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.