Northwestern Mutual Wealth Management Co. Reduces Stock Position in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Northwestern Mutual Wealth Management Co. reduced its holdings in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 71.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,309 shares of the company’s stock after selling 91,882 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $2,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Axis Wealth Partners LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.9% in the fourth quarter. Axis Wealth Partners LLC now owns 9,885 shares of the company’s stock worth $604,000 after acquiring an additional 276 shares during the period. HighTower Advisors LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.7% in the third quarter. HighTower Advisors LLC now owns 40,645 shares of the company’s stock worth $2,449,000 after acquiring an additional 285 shares during the period. Assetmark Inc. increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 3.2% in the third quarter. Assetmark Inc. now owns 11,188 shares of the company’s stock worth $674,000 after acquiring an additional 349 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 1.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 25,858 shares of the company’s stock worth $1,558,000 after acquiring an additional 465 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 2.8% in the first quarter. NewEdge Advisors LLC now owns 17,465 shares of the company’s stock worth $931,000 after acquiring an additional 477 shares during the period.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

BATS:OMFL opened at $68.58 on Wednesday. The firm has a market capitalization of $5.88 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 $55.50 and a 1-year high of $68.70. The company’s fifty day moving average price is $64.10 and its 200-day moving average price is $62.57.

Invesco Russell 1000 Dynamic Multifactor ETF Company 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.