Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) is Burt Wealth Advisors’ 8th Largest Position

Burt Wealth Advisors reduced its stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,304 shares of the company’s stock after selling 7,383 shares during the period. Invesco Russell 1000 Dynamic Multifactor ETF accounts for 4.8% of Burt Wealth Advisors’ holdings, making the stock its 8th biggest holding. Burt Wealth Advisors’ holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $18,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. bought a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at about $27,000. Farther Finance Advisors LLC raised its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 47.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the company’s stock valued at $44,000 after purchasing an additional 264 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the 4th quarter worth approximately $72,000. Empirical Asset Management LLC bought a new position in shares of Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at approximately $222,000. Finally, International Assets Investment Management LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at approximately $223,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Performance

Invesco Russell 1000 Dynamic Multifactor ETF stock opened at $55.51 on Tuesday. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 27.81 and a beta of 1.02. The business’s fifty day moving average is $55.74 and its two-hundred day moving average is $54.31.

Invesco Russell 1000 Dynamic Multifactor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.0768 per share. The ex-dividend date was Monday, December 23rd.

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.