Mid American Wealth Advisory Group Inc. Acquires Shares of 121,648 Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Mid American Wealth Advisory Group Inc. acquired a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 121,648 shares of the exchange traded fund’s stock, valued at approximately $1,603,000. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF makes up about 1.1% of Mid American Wealth Advisory Group Inc.’s investment portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDBC. Bailard Inc. lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 18,546.5% in the third quarter. Bailard Inc. now owns 4,295,779 shares of the exchange traded fund’s stock valued at $64,222,000 after buying an additional 4,272,741 shares during the last quarter. Morgan Stanley raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13.4% during the third quarter. Morgan Stanley now owns 24,929,824 shares of the exchange traded fund’s stock worth $372,701,000 after purchasing an additional 2,940,835 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 171.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,381,332 shares of the exchange traded fund’s stock worth $31,672,000 after purchasing an additional 1,505,382 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 414.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,492,004 shares of the exchange traded fund’s stock worth $22,305,000 after purchasing an additional 1,201,938 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 30.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,029,732 shares of the exchange traded fund’s stock worth $75,194,000 after purchasing an additional 1,179,770 shares during the last quarter.

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

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock traded up $0.01 during trading hours on Monday, hitting $14.30. 1,406,303 shares of the company were exchanged, compared to its average volume of 3,528,313. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $13.05 and a 1 year high of $15.35. The business has a 50-day moving average of $13.81 and a 200-day moving average of $13.89.

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.