Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 52-Week High – Still a Buy?

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) hit a new 52-week high during trading on Monday . The company traded as high as $18.95 and last traded at $18.92, with a volume of 4057143 shares trading hands. The stock had previously closed at $18.61.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 0.5%

The business’s fifty day moving average is $17.45 and its 200-day moving average is $15.16.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several large investors have recently modified their holdings of PDBC. Ascentis Independent Advisors acquired a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter worth $34,000. Pacifica Partners Inc. acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $26,000. Tucker Asset Management LLC bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth $31,000. International Assets Investment Management LLC bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth $34,000. Finally, CENTRAL TRUST Co acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter worth about $43,000.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Company Profile

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.