Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) is Burt Wealth Advisors’ 9th Largest Position

Burt Wealth Advisors trimmed its holdings in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 1.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 357,687 shares of the company’s stock after selling 5,162 shares during the quarter. Invesco Russell 1000 Dynamic Multifactor ETF comprises 4.7% of Burt Wealth Advisors’ investment portfolio, making the stock its 9th largest holding. Burt Wealth Advisors’ holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $18,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OMFL. Balentine LLC increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 20.5% during the third quarter. Balentine LLC now owns 5,667,538 shares of the company’s stock worth $300,323,000 after acquiring an additional 964,398 shares during the period. Fox Financial Inc increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.4% during the third quarter. Fox Financial Inc now owns 103,944 shares of the company’s stock worth $5,508,000 after acquiring an additional 413 shares during the period. White Pine Investment CO increased its stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF by 0.9% during the third quarter. White Pine Investment CO now owns 124,927 shares of the company’s stock worth $6,620,000 after acquiring an additional 1,141 shares during the period. Farther Finance Advisors LLC grew its position in Invesco Russell 1000 Dynamic Multifactor ETF by 47.3% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the company’s stock worth $44,000 after buying an additional 264 shares during the period. Finally, Goldstone Financial Group LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the third quarter worth about $239,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Up 1.1 %

OMFL traded up $0.59 on Friday, hitting $55.20. 429,828 shares of the company were exchanged. The business has a fifty day moving average price of $52.78 and a two-hundred day moving average price of $52.28. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 21.45 and a beta of 0.94.

Invesco Russell 1000 Dynamic Multifactor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.1083 dividend. The ex-dividend date was Monday, September 23rd.

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.