Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) Reaches New 52-Week High – Time to Buy?

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday. The stock traded as high as $71.94 and last traded at $72.24, with a volume of 3,450 shares trading hands. The stock had previously closed at $70.62.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

The company has a market capitalization of $6.21 billion, a P/E ratio of 27.32 and a beta of 1.02. The company’s 50-day moving average price is $70.58 and its two-hundred day moving average price is $66.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at about $27,000. Sound Income Strategies LLC bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the first quarter worth approximately $37,000. Parallel Advisors LLC boosted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock worth $43,000 after acquiring an additional 160 shares during the period. Frazier Financial Advisors LLC boosted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 5,769.2% during the first quarter. Frazier Financial Advisors LLC now owns 763 shares of the company’s stock worth $46,000 after acquiring an additional 750 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 20.8% during 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.

About Invesco Russell 1000 Dynamic Multifactor ETF

(Get Free Report)

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.

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