Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 1-Year High – Time to Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares hit a new 52-week high on Wednesday . The company traded as high as $14.03 and last traded at $13.8850, with a volume of 5501700 shares trading hands. The stock had previously closed at $13.86.

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

The business’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $13.40.

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

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.5086 per share. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 383.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Consultiva Wealth Management CORP. boosted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 70.1% during the 2nd quarter. Consultiva Wealth Management CORP. now owns 1,880 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 775 shares during the last quarter. Pacifica Partners Inc. purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter valued at about $26,000. HHM Wealth Advisors LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth approximately $32,000. Atlantic Union Bankshares Corp bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the second quarter valued at about $36,000. Finally, Cape Investment Advisory Inc. boosted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 56.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 2,898 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 1,049 shares during the period.

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.