Merit Financial Group LLC Invests $598,000 in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Merit Financial Group LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 44,987 shares of the exchange traded fund’s stock, valued at approximately $598,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fidelity D & D Bancorp Inc. acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 3rd quarter worth approximately $2,517,000. Roble Belko & Company Inc boosted its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 231.7% in the fourth quarter. Roble Belko & Company Inc now owns 20,883 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 14,587 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 706.6% in the third quarter. Kingsview Wealth Management LLC now owns 93,311 shares of the exchange traded fund’s stock worth $1,395,000 after acquiring an additional 81,743 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 14.3% during the third quarter. Kestra Private Wealth Services LLC now owns 235,833 shares of the exchange traded fund’s stock worth $3,526,000 after acquiring an additional 29,580 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2,871.8% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 1,042,698 shares of the exchange traded fund’s stock valued at $13,868,000 after purchasing an additional 1,007,612 shares during the last quarter.

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

Shares of NASDAQ PDBC opened at $14.09 on Wednesday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $13.05 and a one year high of $15.35. The business has a fifty day simple moving average of $13.92 and a 200 day simple moving average of $13.85.

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.