JPMorgan Chase & Co. Lowers Stake in Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)

JPMorgan Chase & Co. cut its holdings in shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 41.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 203,466 shares of the company’s stock after selling 146,891 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco Russell 1000 Dynamic Multifactor ETF were worth $11,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GHP Investment Advisors Inc. acquired a new stake in Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter worth $72,000. Empirical Asset Management LLC acquired a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter worth $222,000. International Assets Investment Management LLC purchased a new position in Invesco Russell 1000 Dynamic Multifactor ETF during the fourth quarter valued at $223,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Invesco Russell 1000 Dynamic Multifactor ETF in the fourth quarter valued at about $233,000.

Invesco Russell 1000 Dynamic Multifactor ETF Stock Down 2.4 %

OMFL opened at $52.60 on Tuesday. The company has a market cap of $4.53 billion, a PE ratio of 26.53 and a beta of 1.03. Invesco Russell 1000 Dynamic Multifactor ETF has a twelve month low of $46.79 and a twelve month high of $57.49. The company has a 50-day moving average price of $54.12 and a 200 day moving average price of $54.49.

Invesco Russell 1000 Dynamic Multifactor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1166 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco Russell 1000 Dynamic Multifactor ETF’s previous dividend of $0.08.

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.