Solano Wealth Management Inc. Has $18.41 Million Stake in Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS)

Solano Wealth Management Inc. lifted its position in shares of Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 474,369 shares of the company’s stock after purchasing an additional 20,728 shares during the quarter. Invesco Russell 2000 Dynamic Multifactor ETF comprises 11.1% of Solano Wealth Management Inc.’s portfolio, making the stock its 3rd biggest holding. Solano Wealth Management Inc. owned approximately 0.05% of Invesco Russell 2000 Dynamic Multifactor ETF worth $18,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 900.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,250 shares of the company’s stock valued at $45,000 after acquiring an additional 1,125 shares during the period. BKM Wealth Management LLC bought a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the fourth quarter valued at about $55,000. ORG Partners LLC raised its position in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 393.4% in the fourth quarter. ORG Partners LLC now owns 3,212 shares of the company’s stock valued at $125,000 after purchasing an additional 2,561 shares during the period. Denver Wealth Management Inc. acquired a new stake in shares of Invesco Russell 2000 Dynamic Multifactor ETF during the 3rd quarter worth about $298,000. Finally, IFG Advisory LLC boosted its holdings in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 9.0% during the 4th quarter. IFG Advisory LLC now owns 19,260 shares of the company’s stock worth $747,000 after buying an additional 1,583 shares during the period.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Performance

OMFS traded up $0.19 on Friday, reaching $36.52. The company had a trading volume of 18,499 shares. The firm has a market cap of $364.10 million, a PE ratio of 14.10 and a beta of 1.11. The firm’s fifty day simple moving average is $36.22 and its two-hundred day simple moving average is $35.97.

Invesco Russell 2000 Dynamic Multifactor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.1748 per share. The ex-dividend date was Monday, March 18th. This is a positive change from Invesco Russell 2000 Dynamic Multifactor ETF’s previous dividend of $0.16.

About Invesco Russell 2000 Dynamic Multifactor ETF

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.