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

Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.78 and last traded at $68.47, with a volume of 75967 shares trading hands. The stock had previously closed at $68.58.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 0.2%

The firm has a 50 day simple moving average of $64.51 and a 200-day simple moving average of $62.73. The stock has a market cap of $5.88 billion, a P/E ratio of 27.32 and a beta of 1.02.

Institutional Trading of Invesco Russell 1000 Dynamic Multifactor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter valued at approximately $37,000. O Shaughnessy Asset Management LLC raised its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 73.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 608 shares of the company’s stock valued at $37,000 after buying an additional 258 shares during the period. Finally, Parallel Advisors LLC raised its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 28.6% in the first quarter. Parallel Advisors LLC now owns 720 shares of the company’s stock valued at $43,000 after buying an additional 160 shares during the period.

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.