Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 12-Month High – Still a Buy?

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) hit a new 52-week high during trading on Tuesday . The company traded as high as $14.55 and last traded at $14.42, with a volume of 5395246 shares trading hands. The stock had previously closed at $14.34.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 0.6%

The stock’s fifty day moving average price is $13.64 and its 200-day moving average price is $13.45.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.5086 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 383.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PDBC. Empower Advisory Group LLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.0% during the 2nd quarter. Empower Advisory Group LLC now owns 31,466,599 shares of the exchange traded fund’s stock valued at $410,324,000 after purchasing an additional 1,771,280 shares during the last quarter. The Manufacturers Life Insurance Company raised its position 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 valued at $115,416,000 after purchasing an additional 452,374 shares during the period. SigFig Wealth Management LLC raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the fourth 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 during the period. Envestnet Asset Management Inc. lifted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,071,199 shares of the exchange traded fund’s stock worth $53,064,000 after buying an additional 491,161 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.7% during the 3rd quarter. Briaud Financial Planning Inc now owns 2,709,276 shares of the exchange traded fund’s stock worth $36,386,000 after buying an additional 169,001 shares during the period.

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

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.