49 Wealth Management LLC Decreases Holdings in Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS)

49 Wealth Management LLC cut its holdings in shares of Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS) by 30.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,114 shares of the company’s stock after selling 3,185 shares during the period. 49 Wealth Management LLC’s holdings in Invesco Russell 2000 Dynamic Multifactor ETF were worth $281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in Invesco Russell 2000 Dynamic Multifactor ETF during the 2nd quarter worth approximately $30,339,000. Bank of New York Mellon Corp grew its holdings in shares of Invesco Russell 2000 Dynamic Multifactor ETF by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 625,991 shares of the company’s stock valued at $22,730,000 after buying an additional 38,445 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new position in shares of Invesco Russell 2000 Dynamic Multifactor ETF in the 3rd quarter valued at $1,361,000. Solano Wealth Management Inc. raised its stake in Invesco Russell 2000 Dynamic Multifactor ETF by 6.4% in the 2nd quarter. Solano Wealth Management Inc. now owns 553,518 shares of the company’s stock worth $20,098,000 after acquiring an additional 33,098 shares during the last quarter. Finally, First Command Advisory Services Inc. lifted its position in Invesco Russell 2000 Dynamic Multifactor ETF by 8.7% during the 2nd quarter. First Command Advisory Services Inc. now owns 327,681 shares of the company’s stock worth $11,898,000 after acquiring an additional 26,191 shares during the period.

Invesco Russell 2000 Dynamic Multifactor ETF Stock Up 1.2 %

Shares of OMFS stock opened at $43.35 on Friday. The firm has a market capitalization of $418.33 million, a price-to-earnings ratio of 14.85 and a beta of 1.13. The company has a fifty day moving average price of $40.22 and a 200-day moving average price of $38.16.

Invesco Russell 2000 Dynamic Multifactor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.2052 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is an increase from Invesco Russell 2000 Dynamic Multifactor ETF’s previous dividend of $0.16.

About Invesco Russell 2000 Dynamic Multifactor ETF

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks selected by five investment factors, which are weighted based on current macroeconomic conditions. OMFS was launched on Nov 8, 2017 and is managed by Invesco.