Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 1-Year High – What’s Next?

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 $20.50 and last traded at $20.1020, with a volume of 3,151 shares trading hands. The stock had previously closed at $20.15.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Up 0.0%

The company’s fifty day moving average is $19.37 and its 200 day moving average is $17.25.

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

Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter valued at about $352,000. WESPAC Advisors LLC bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter valued at $743,000. Flagship Harbor Advisors LLC grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 9.6% in the third quarter. Flagship Harbor Advisors LLC now owns 121,231 shares of the exchange traded fund’s stock valued at $2,340,000 after purchasing an additional 10,604 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 44,648 shares of the exchange traded fund’s stock worth $862,000 after acquiring an additional 2,737 shares during the last quarter. Finally, Simplicity Wealth LLC raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 45.8% in the 3rd quarter. Simplicity Wealth LLC now owns 153,993 shares of the exchange traded fund’s stock worth $2,972,000 after purchasing an additional 48,385 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.