Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 52-Week High – Time to Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price reached a new 52-week high on Monday . The stock traded as high as $20.07 and last traded at $19.9630, with a volume of 10337 shares traded. The stock had previously closed at $19.79.

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

The stock has a 50-day moving average of $17.89 and a 200-day moving average of $17.41.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of large investors have recently modified their holdings of PDBC. Tidal Investments LLC raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% during the 2nd quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock valued at $30,655,000 after buying an additional 2,090,507 shares in the last quarter. Barclays PLC increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 396.7% in the third quarter. Barclays PLC now owns 1,072,300 shares of the exchange traded fund’s stock valued at $14,401,000 after acquiring an additional 856,400 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5,827.4% during the first quarter. Janney Montgomery Scott LLC now owns 829,660 shares of the exchange traded fund’s stock valued at $14,370,000 after purchasing an additional 815,663 shares in the last quarter. Morgan Stanley lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% during the fourth quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock worth $252,770,000 after purchasing an additional 784,292 shares during the last quarter. Finally, Advisortrust Partners LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter worth about $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.