Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 1-Year High – Here’s What Happened

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 company traded as high as $19.01 and last traded at $18.9750, with a volume of 5491792 shares. The stock had previously closed at $18.65.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Up 0.1%

The business has a 50-day moving average of $17.39 and a 200 day moving average of $17.16.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Lisle Cummings Inc. grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 833.1% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,549 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 1,383 shares during the period. Ascentis Independent Advisors bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter worth about $34,000. Tucker Asset Management LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth approximately $34,000. Finally, Triumph Capital Management lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13,471.4% during the second quarter. Triumph Capital Management now owns 2,850 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 2,829 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.