Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 52-Week High – Here’s What Happened

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $18.82 and last traded at $18.80, with a volume of 176244 shares changing hands. The stock had previously closed at $18.55.

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

The business’s 50-day moving average is $17.33 and its 200 day moving average is $15.09.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Compound Planning Inc. boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 78.9% during the 1st quarter. Compound Planning Inc. now owns 21,820 shares of the exchange traded fund’s stock valued at $378,000 after acquiring an additional 9,624 shares during the period. Modern Wealth Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter worth approximately $376,000. Cetera Investment Advisers increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 46.3% in the 1st quarter. Cetera Investment Advisers now owns 663,382 shares of the exchange traded fund’s stock worth $11,490,000 after purchasing an additional 209,840 shares during the period. PNC Financial Services Group Inc. lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 328.3% in the first quarter. PNC Financial Services Group Inc. now owns 11,029 shares of the exchange traded fund’s stock valued at $191,000 after purchasing an additional 8,454 shares during the last quarter. Finally, Advisortrust Partners LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter valued at approximately $12,448,000.

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.