Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 12-Month High – Should You Buy?

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 Wednesday . The stock traded as high as $17.37 and last traded at $17.37, with a volume of 456932 shares trading hands. The stock had previously closed at $17.17.

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

The company has a 50 day moving average of $14.75 and a 200-day moving average of $13.93.

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

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

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Hedge funds have recently added to or reduced their stakes in the business. Consultiva Wealth Management CORP. grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 70.1% in the second quarter. Consultiva Wealth Management CORP. now owns 1,880 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 775 shares in the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $26,000. Tucker Asset Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $31,000. HHM Wealth Advisors LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at $34,000.

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.