Envestnet Asset Management Inc. Has $23.54 Million Stake in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Envestnet Asset Management Inc. trimmed its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 390,577 shares of the company’s stock after selling 90,879 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $23,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 3rd quarter valued at $29,000. Harbour Investments Inc. boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 58.1% in the second quarter. Harbour Investments Inc. now owns 792 shares of the company’s stock valued at $46,000 after buying an additional 291 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF by 9.0% in the second quarter. Richards Merrill & Peterson Inc. now owns 2,875 shares of the company’s stock valued at $166,000 after buying an additional 238 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the third quarter worth about $201,000. Finally, Financial Advocates Investment Management acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the second quarter worth approximately $217,000.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Up 0.4%

BATS:OMFL opened at $62.57 on Friday. The stock has a market capitalization of $5.37 billion, a P/E ratio of 27.32 and a beta of 1.02. Invesco Russell 1000 Dynamic Multifactor ETF has a 1 year low of $47.00 and a 1 year high of $63.99. The firm has a 50 day moving average of $62.29 and a 200-day moving average of $60.56.

Invesco Russell 1000 Dynamic Multifactor ETF Profile

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.