West Michigan Advisors LLC Purchases 34,695 Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $PDBC

West Michigan Advisors LLC grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 158.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,647 shares of the exchange traded fund’s stock after buying an additional 34,695 shares during the quarter. West Michigan Advisors LLC’s holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Pacifica Partners Inc. bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth approximately $26,000. CENTRAL TRUST Co bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 3rd quarter worth approximately $43,000. EverSource Wealth Advisors LLC raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 781 shares during the period. United Community Bank bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 3rd quarter worth approximately $65,000. Finally, Reyes Financial Architecture Inc. raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1,150.9% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 5,041 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 4,638 shares during the period.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 1.1%

NASDAQ:PDBC opened at $17.59 on Thursday. The firm’s 50 day moving average is $16.36 and its 200 day moving average is $14.63. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $12.35 and a 12 month high of $17.77.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 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.