Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 12-Month High – Should You Buy?

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $20.50 and last traded at $20.1020, with a volume of 3,151 shares trading hands. The stock had previously closed at $20.15.

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

The stock has a 50 day moving average of $19.37 and a 200-day moving average of $17.25.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several hedge funds have recently bought and sold shares of PDBC. Advisory Solutions Group LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter valued at about $3,833,000. Concurrent Investment Advisors LLC grew its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 43.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 149,931 shares of the exchange traded fund’s stock worth $2,381,000 after purchasing an additional 45,085 shares during the last quarter. Tranquilli Financial Advisor LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter valued at $620,000. Tidal Investments LLC grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.4% during the 2nd quarter. Tidal Investments LLC now owns 2,587,034 shares of the exchange traded fund’s stock worth $41,082,000 after purchasing an additional 473,522 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 150.6% during the first quarter. Geneos Wealth Management Inc. now owns 91,757 shares of the exchange traded fund’s stock worth $1,589,000 after purchasing an additional 55,135 shares in the last quarter.

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.