Sand Hill Global Advisors LLC acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 41,965 shares of the exchange traded fund’s stock, valued at approximately $558,000.
A number of other hedge funds have also recently added to or reduced their stakes in PDBC. City Holding Co. bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $27,000. Global Retirement Partners LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 250.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,158 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 1,543 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $34,000. Finally, Larson Financial Group LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 57,050.0% during the fourth quarter. Larson Financial Group LLC now owns 3,429 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 3,423 shares in the last quarter.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Price Performance
Shares of NASDAQ PDBC traded down $0.01 during midday trading on Thursday, reaching $14.22. 992,365 shares of the company traded hands, compared to its average volume of 3,608,368. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52 week low of $13.05 and a 52 week high of $15.35. The stock has a 50-day moving average price of $14.10 and a 200 day moving average price of $13.80.
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.
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