Brookstone Capital Management Cuts Stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)

Brookstone Capital Management reduced its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 1.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 344,274 shares of the company’s stock after selling 4,928 shares during the period. Brookstone Capital Management’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $19,014,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMFL. Stifel Financial Corp grew its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 124.3% in the third quarter. Stifel Financial Corp now owns 156,241 shares of the company’s stock valued at $7,162,000 after purchasing an additional 86,577 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the third quarter valued at $216,000. Tower Research Capital LLC TRC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the third quarter valued at $762,000. SRS Capital Advisors Inc. purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the third quarter valued at $141,000. Finally, V Wealth Advisors LLC purchased a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the third quarter valued at $343,000.

Invesco Russell 1000 Dynamic Multifactor ETF Price Performance

Shares of OMFL stock traded down $0.58 on Tuesday, reaching $52.56. The company’s stock had a trading volume of 296,287 shares. The stock’s 50-day simple moving average is $53.08 and its two-hundred day simple moving average is $52.15. The stock has a market capitalization of $6.16 billion, a P/E ratio of 21.45 and a beta of 0.94.

Invesco Russell 1000 Dynamic Multifactor ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be given a $0.2324 dividend. The ex-dividend date of this dividend is Monday, June 24th.

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.