Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 12-Month High – Time to Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) reached a new 52-week high on Monday . The stock traded as high as $17.60 and last traded at $17.56, with a volume of 695660 shares. The stock had previously closed at $17.40.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 1.0%

The stock has a fifty day simple moving average of $15.44 and a two-hundred day simple moving average of $14.20.

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

Several institutional investors and hedge funds have recently modified their holdings of PDBC. Morgan Stanley grew its position 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 during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,850,916 shares of the exchange traded fund’s stock worth $115,416,000 after acquiring an additional 452,374 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,788,312 shares of the exchange traded fund’s stock worth $116,450,000 after acquiring an additional 513,683 shares during the last quarter. SigFig Wealth Management LLC boosted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the 4th quarter. SigFig Wealth Management LLC now owns 7,636,200 shares of the exchange traded fund’s stock valued at $101,179,000 after purchasing an additional 183,037 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,011 shares of the exchange traded fund’s stock valued at $41,711,000 after purchasing an additional 77,195 shares in the last quarter.

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.