Envestnet Asset Management Inc. Sells 90,879 Shares of Invesco Russell 1000 Dynamic Multifactor ETF $OMFL

Envestnet Asset Management Inc. trimmed its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,577 shares of the company’s stock after selling 90,879 shares during the period. Envestnet Asset Management Inc. owned approximately 0.46% of Invesco Russell 1000 Dynamic Multifactor ETF worth $23,536,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of OMFL. Invesco Ltd. increased its position in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 8.8% during the second quarter. Invesco Ltd. now owns 20,645,448 shares of the company’s stock valued at $1,192,894,000 after purchasing an additional 1,671,104 shares during the period. Bank of America Corp DE boosted its stake in Invesco Russell 1000 Dynamic Multifactor ETF by 36.5% during the second quarter. Bank of America Corp DE now owns 2,143,686 shares of the company’s stock worth $123,862,000 after buying an additional 573,361 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at $21,157,000. Daner Wealth Management LLC acquired a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 2nd quarter valued at $14,491,000. Finally, Ashton Thomas Securities LLC raised its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 138.8% in the 3rd quarter. Ashton Thomas Securities LLC now owns 362,846 shares of the company’s stock valued at $21,868,000 after buying an additional 210,910 shares in the last quarter.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

BATS:OMFL opened at $62.57 on Friday. The company has a 50-day moving average of $62.29 and a 200-day moving average of $60.56. Invesco Russell 1000 Dynamic Multifactor ETF has a 52 week low of $47.00 and a 52 week high of $63.99. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.

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.