Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 12-Month High – What’s Next?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares reached a new 52-week high on Monday . The company traded as high as $17.07 and last traded at $16.89, with a volume of 2656352 shares. The stock had previously closed at $16.38.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 1.5%

The company has a 50 day moving average of $14.38 and a 200 day moving average of $13.79.

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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Revolve Wealth Partners LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter valued at $272,000. Atlantic Union Bankshares Corp bought a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the second quarter valued at about $36,000. Prospera Financial Services Inc raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 8.9% during the second quarter. Prospera Financial Services Inc now owns 36,685 shares of the exchange traded fund’s stock valued at $478,000 after buying an additional 3,005 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth about $162,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth about $664,000.

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.