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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price hit a new 52-week high on Tuesday . The company traded as high as $19.01 and last traded at $18.9750, with a volume of 5491792 shares traded. The stock had previously closed at $18.65.

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

The company has a 50-day moving average price of $17.27 and a two-hundred day moving average price of $17.10.

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. Ascentis Independent Advisors acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter valued at approximately $34,000. Tucker Asset Management LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth approximately $34,000. Triumph Capital Management grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13,471.4% during the 2nd quarter. Triumph Capital Management now owns 2,850 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 2,829 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,070 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 781 shares in 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.