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) reached a new 52-week high during trading on Tuesday . The company traded as high as $19.01 and last traded at $18.9750, with a volume of 5491792 shares trading hands. The stock had previously closed at $18.65.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Price Performance

The firm has a 50 day moving average price of $17.27 and a two-hundred day moving average price of $17.10.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDBC. Ascentis Independent Advisors acquired a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 1st quarter worth approximately $34,000. Tucker Asset Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter worth $34,000. Triumph Capital Management raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13,471.4% during the second quarter. Triumph Capital Management now owns 2,850 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 2,829 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 781 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.