Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 12-Month High – Should You Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s stock price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $20.16 and last traded at $20.1430, with a volume of 2,091,746 shares. The stock had previously closed at $20.11.

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

The business has a 50 day moving average of $19.21 and a 200 day moving average of $18.02.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDBC. Bank of America Corp DE raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3.9% during the 1st quarter. Bank of America Corp DE now owns 4,899,404 shares of the exchange traded fund’s stock worth $84,858,000 after buying an additional 183,866 shares during the period. Tidal Investments LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% in the second quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock valued at $41,082,000 after buying an additional 473,522 shares in the last quarter. Briaud Financial Planning Inc lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 47.6% in the third quarter. Briaud Financial Planning Inc now owns 2,468,334 shares of the exchange traded fund’s stock valued at $47,639,000 after buying an additional 796,323 shares in the last quarter. GM Advisory Group LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.7% in the first quarter. GM Advisory Group LLC now owns 2,385,149 shares of the exchange traded fund’s stock valued at $41,311,000 after buying an additional 40,591 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 54.5% in the first quarter. Hsbc Holdings PLC now owns 1,021,000 shares of the exchange traded fund’s stock valued at $17,684,000 after buying an additional 360,000 shares during the period.

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.