Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 12-Month High – Time to Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.55 and last traded at $14.42, with a volume of 5395246 shares. The stock had previously closed at $14.34.

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

The company’s 50-day moving average price is $13.68 and its two-hundred day moving average price is $13.47.

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

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.5086 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 383.0%.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Consultiva Wealth Management CORP. raised its holdings 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 worth $25,000 after buying an additional 775 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 781 shares during the last quarter. FreeGulliver LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.6% in the second quarter. FreeGulliver LLC now owns 51,253 shares of the exchange traded fund’s stock valued at $668,000 after acquiring an additional 786 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the exchange traded fund’s stock worth $213,000 after purchasing an additional 791 shares during the last quarter. Finally, M Wealth Management LLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 0.4% in the 2nd quarter. M Wealth Management LLC now owns 257,178 shares of the exchange traded fund’s stock worth $3,354,000 after purchasing an additional 902 shares during the last quarter.

About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

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.