Bank of New York Mellon Corp Grows Position in Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Bank of New York Mellon Corp boosted its position in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 33.5% during the 1st quarter, Holdings Channel reports. The fund owned 3,711,567 shares of the company’s stock after acquiring an additional 931,158 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $223,139,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 52.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 128,091 shares of the company’s stock worth $7,830,000 after purchasing an additional 43,998 shares during the last quarter. MGO One Seven LLC increased its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 20.0% in the fourth quarter. MGO One Seven LLC now owns 75,484 shares of the company’s stock valued at $4,614,000 after purchasing an additional 12,577 shares during the last quarter. RFG Advisory LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF in the first quarter valued at approximately $8,152,000. Independent Advisor Alliance acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter worth approximately $774,000. Finally, WCG Wealth Advisors LLC raised its holdings in Invesco Russell 1000 Dynamic Multifactor ETF by 249.8% during the fourth quarter. WCG Wealth Advisors LLC now owns 107,819 shares of the company’s stock worth $6,591,000 after purchasing an additional 76,998 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Trading Down 1.0%

Shares of BATS:OMFL opened at $68.67 on Friday. The firm has a 50 day simple moving average of $68.19 and a 200-day simple moving average of $64.65. Invesco Russell 1000 Dynamic Multifactor ETF has a twelve month low of $57.12 and a twelve month high of $69.46. The company has a market capitalization of $5.89 billion, a PE ratio of 27.32 and a beta of 1.02.

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.