Merit Financial Group LLC Sells 10,378 Shares of Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL)

On January 20, 2025, it was reported that Merit Financial Group LLC has reduced its investment in the Invesco Russell 1000 Dynamic Multifactor ETF (BATS:OMFL) by 14.1% during the fourth quarter. According to their recent Form 13F filing with the Securities and Exchange Commission, the firm disposed of 10,378 shares, leaving them with a total of 63,156 shares in the ETF. At the end of this most recent quarter, their total investment in Invesco Russell 1000 Dynamic Multifactor ETF was valued at approximately $3,425,000, which constitutes about 0.05% of the ETF's overall market value.

In addition to Merit Financial Group, several other large investment firms have also adjusted their stakes in Invesco Russell 1000 Dynamic Multifactor ETF in recent months. For instance, PFG Advisors increased their holdings by 11.4% in the third quarter, acquiring an additional 4,840 shares for a total of 47,340 shares valued at about $2,509,000. Meanwhile, Farther Finance Advisors LLC raised its investment by a significant 47.3% during the same period, now holding 822 shares worth approximately $44,000 after purchasing an extra 264 shares.

Other firms that have made changes to their positions include Sanctuary Advisors LLC, which entered the ETF market by acquiring new stakes valued at around $412,000 in the second quarter, and Good Life Advisors LLC, which increased their stake by 18.4%, now owning 11,398 shares valued at $604,000. Finally, Triad Wealth Partners LLC slightly raised their holdings by 1.2%, bringing their total to 244,610 shares worth $12,962,000.

Current Performance of Invesco Russell 1000 Dynamic Multifactor ETF

As of the latest market report, shares of Invesco Russell 1000 Dynamic Multifactor ETF opened trading at $55.21 on Monday. The ETF has a 50-day moving average of $55.10 and a two-hundred-day moving average of $53.00. With a market capitalization of $6.47 billion, the ETF currently boasts a price-to-earnings ratio of 21.45 and a beta of 0.94, indicating its relatively stable performance compared to the market.

Recent Dividends Announced

Recently, the Invesco Russell 1000 Dynamic Multifactor ETF announced a dividend payout, which was executed on December 27. Shareholders who were on record as of December 23 received a dividend of $0.0768. The ex-dividend date was also noted as December 23.

Overview of Invesco Russell 1000 Dynamic Multifactor ETF

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is designed to invest mainly in large-cap equity. The ETF aims to track an index composed of large-cap U.S. stocks, selected based on a combination of five investment factors that are adjusted in relation to current macroeconomic trends. Launched on November 8, 2017, it is managed by Invesco.

Merit, Invesco, Shares, ETF, Finance