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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.76 and last traded at $18.68, with a volume of 6644242 shares. The stock had previously closed at $18.37.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 1.7%

The firm’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $14.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advyzon Investment Management LLC raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 121.6% during the third quarter. Advyzon Investment Management LLC now owns 112,865 shares of the exchange traded fund’s stock valued at $1,516,000 after purchasing an additional 61,939 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% during the third quarter. Exencial Wealth Advisors LLC now owns 995,151 shares of the exchange traded fund’s stock valued at $13,365,000 after purchasing an additional 46,935 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2,080.5% during the third quarter. JPMorgan Chase & Co. now owns 209,004 shares of the exchange traded fund’s stock valued at $2,807,000 after purchasing an additional 199,419 shares during the last quarter. Genesis Private Wealth LLC purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at approximately $1,352,000. Finally, Impact Partnership Wealth LLC raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 16.7% during the third quarter. Impact Partnership Wealth LLC now owns 421,463 shares of the exchange traded fund’s stock valued at $5,660,000 after purchasing an additional 60,425 shares during 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.