Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 1-Year 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 mid-day trading on Tuesday . The stock traded as high as $19.28 and last traded at $19.2510, with a volume of 9082 shares trading hands. The stock had previously closed at $19.01.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 1.4%

The stock’s 50 day simple moving average is $17.58 and its two-hundred day simple moving average is $17.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC raised its stake 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 worth $30,655,000 after purchasing an additional 2,090,507 shares during the period. Barclays PLC boosted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 396.7% during the third quarter. Barclays PLC now owns 1,072,300 shares of the exchange traded fund’s stock valued at $14,401,000 after purchasing an additional 856,400 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5,827.4% in the first quarter. Janney Montgomery Scott LLC now owns 829,660 shares of the exchange traded fund’s stock worth $14,370,000 after purchasing an additional 815,663 shares during the last quarter. Morgan Stanley boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% in the fourth quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock valued at $252,770,000 after acquiring an additional 784,292 shares in the last quarter. Finally, Advisortrust Partners LLC purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter valued at 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.