Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) Trading Down 0.3% – Time to Sell?

Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) was down 0.3% on Monday . The stock traded as low as $53.76 and last traded at $53.84. 6,016 shares were traded during trading, a decline of 55% from the average daily volume of 13,250 shares. The stock had previously closed at $53.99.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Performance

The company has a market cap of $318.73 million, a P/E ratio of 20.13 and a beta of 1.07. The firm has a 50 day moving average price of $52.72 and a 200-day moving average price of $49.72.

Hedge Funds Weigh In On Invesco Russell 2000 Dynamic Multifactor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,099,003 shares of the company’s stock worth $48,873,000 after buying an additional 19,565 shares during the last quarter. LPL Financial LLC raised its holdings in Invesco Russell 2000 Dynamic Multifactor ETF by 57.0% in the 4th quarter. LPL Financial LLC now owns 787,710 shares of the company’s stock worth $35,029,000 after acquiring an additional 286,014 shares during the period. First Command Advisory Services Inc. lifted its position in Invesco Russell 2000 Dynamic Multifactor ETF by 2.0% during the 4th quarter. First Command Advisory Services Inc. now owns 478,524 shares of the company’s stock worth $21,280,000 after acquiring an additional 9,223 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Invesco Russell 2000 Dynamic Multifactor ETF by 5.8% during the 4th quarter. Hantz Financial Services Inc. now owns 416,605 shares of the company’s stock worth $18,526,000 after acquiring an additional 22,861 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Invesco Russell 2000 Dynamic Multifactor ETF by 6.2% during the 3rd quarter. Raymond James Financial Inc. now owns 182,512 shares of the company’s stock worth $8,028,000 after acquiring an additional 10,726 shares during the last quarter.

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.