Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 1-Year High – Here’s Why

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares reached a new 52-week high on Thursday . The company traded as high as $17.78 and last traded at $17.78, with a volume of 10244697 shares trading hands. The stock had previously closed at $17.59.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Performance

The company’s 50 day moving average price is $16.36 and its 200-day moving average price is $14.63.

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

Several large investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter worth about $272,000. XTX Topco Ltd bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter valued at approximately $181,000. EverSource Wealth Advisors LLC lifted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the 2nd 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. Qube Research & Technologies Ltd boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 37.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 175,006 shares of the exchange traded fund’s stock worth $2,282,000 after buying an additional 47,711 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 85.9% in the 2nd quarter. NewEdge Advisors LLC now owns 110,874 shares of the exchange traded fund’s stock worth $1,446,000 after buying an additional 51,248 shares during the period.

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.