Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sees Large Volume Increase – Should You Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares saw strong trading volume on Tuesday . 5,363,972 shares were traded during mid-day trading, an increase of 39% from the previous session’s volume of 3,872,820 shares.The stock last traded at $13.68 and had previously closed at $13.63.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Down 3.6 %

The business has a fifty day moving average of $13.48 and a 200 day moving average of $13.46.

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

Several institutional investors have recently modified their holdings of PDBC. PNC Financial Services Group Inc. increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 102.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,968 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 1,500 shares during the period. Montag & Caldwell LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $42,000. Trust Co. of Vermont lifted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 40.8% during the 4th quarter. Trust Co. of Vermont now owns 4,489 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 1,300 shares during the last quarter. BOKF NA acquired a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter worth $58,000. Finally, Transce3nd LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth about $64,000.

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.