Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 1-Year High – Still a Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $14.03 and last traded at $13.8850, with a volume of 5501700 shares changing hands. The stock had previously closed at $13.86.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 0.3%

The business’s 50-day moving average price is $13.59 and its two-hundred day moving average price is $13.41.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.5086 dividend. This represents a yield of 383.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of hedge funds have recently modified their holdings of PDBC. Focus Financial Network Inc. grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.2% in the 2nd quarter. Focus Financial Network Inc. now owns 35,372 shares of the exchange traded fund’s stock valued at $461,000 after purchasing an additional 771 shares during the period. Consultiva Wealth Management CORP. lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 70.1% in the second quarter. Consultiva Wealth Management CORP. now owns 1,880 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 775 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 781 shares in the last quarter. FreeGulliver LLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.6% in the second quarter. FreeGulliver LLC now owns 51,253 shares of the exchange traded fund’s stock valued at $668,000 after buying an additional 786 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.6% during the second quarter. Stratos Wealth Partners LTD. now owns 15,618 shares of the exchange traded fund’s stock worth $204,000 after acquiring an additional 834 shares in the last quarter.

About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an exchange-traded fund that mostly invests in broad market commodities. The fund holds a diverse basket of commodity futures and aims to mitigate negative roll yield in its contract selection. The fund is structured as an ETF and is actively managed. PDBC was launched on Nov 7, 2014 and is managed by Invesco.