Envestnet Asset Management Inc. Sells 50,194 Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $PDBC

Envestnet Asset Management Inc. lessened its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,021,005 shares of the exchange traded fund’s stock after selling 50,194 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.21% of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF worth $54,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.0% during the second quarter. Empower Advisory Group LLC now owns 31,466,599 shares of the exchange traded fund’s stock valued at $410,324,000 after buying an additional 1,771,280 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 8,850,916 shares of the exchange traded fund’s stock worth $115,416,000 after acquiring an additional 452,374 shares in the last quarter. SigFig Wealth Management LLC grew its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 12.7% in the third quarter. SigFig Wealth Management LLC now owns 7,453,163 shares of the exchange traded fund’s stock worth $100,468,000 after purchasing an additional 842,523 shares during the period. Briaud Financial Planning Inc increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.2% during the second quarter. Briaud Financial Planning Inc now owns 2,540,275 shares of the exchange traded fund’s stock valued at $33,125,000 after purchasing an additional 30,796 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% during the second quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock valued at $30,655,000 after purchasing an additional 2,090,507 shares during the last quarter.

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

Shares of PDBC opened at $14.40 on Tuesday. The business’s 50 day moving average price is $13.81 and its 200-day moving average price is $13.52. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52 week low of $12.02 and a 52 week high of $15.27.

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

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

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.