Quantinno Capital Management LP Trims Stock Position in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Quantinno Capital Management LP cut its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 15.0% in the 1st quarter, Holdings Channel reports. The firm owned 88,462 shares of the company’s stock after selling 15,551 shares during the period. Quantinno Capital Management LP’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $5,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gateway Wealth Partners LLC bought a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter worth about $4,081,000. Bollard Group LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the 1st quarter valued at approximately $92,000. Parallel Advisors LLC grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% during the 1st 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 grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 5,769.2% during the 1st 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, Bank of New York Mellon Corp raised its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 33.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,711,567 shares of the company’s stock worth $223,139,000 after acquiring an additional 931,158 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 0.1%

OMFL opened at $70.88 on Friday. The business has a 50 day moving average of $68.59 and a 200-day moving average of $65.34. The stock has a market cap of $6.08 billion, a PE ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 52 week low of $57.12 and a 52 week high of $71.48.

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.