Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 12-Month High – Here’s Why

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares reached a new 52-week high during trading on Monday . The company traded as high as $17.60 and last traded at $17.55, with a volume of 3945089 shares changing hands. The stock had previously closed at $17.52.

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

The firm has a fifty day simple moving average of $15.63 and a two-hundred day simple moving average of $14.28.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PDBC. Narus Financial Partners LLC increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.4% during the fourth quarter. Narus Financial Partners LLC now owns 30,213 shares of the exchange traded fund’s stock valued at $400,000 after buying an additional 697 shares during the period. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 781 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the exchange traded fund’s stock valued at $213,000 after acquiring an additional 791 shares in the last quarter. Endowment Wealth Management Inc. grew its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3.0% during the 3rd quarter. Endowment Wealth Management Inc. now owns 31,041 shares of the exchange traded fund’s stock worth $417,000 after acquiring an additional 918 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 42,189 shares of the exchange traded fund’s stock worth $550,000 after acquiring an additional 951 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.