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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $14.10 and last traded at $14.1010, with a volume of 3169 shares. The stock had previously closed at $13.93.

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

The business’s fifty day moving average price is $13.61 and its 200 day moving average price is $13.43.

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

The company also recently disclosed 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 of this dividend was Monday, December 22nd. This represents a yield of 383.0%.

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of institutional investors have recently made changes to their positions in PDBC. 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 Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth about $26,000. HHM Wealth Advisors LLC acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 2nd quarter valued at approximately $32,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 2nd quarter valued at approximately $36,000. Finally, Financial Gravity Companies Inc. acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter valued at approximately $38,000.

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.