Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sets New 12-Month High – Here’s Why

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) reached a new 52-week high on Monday . The company traded as high as $15.41 and last traded at $15.3560, with a volume of 1315976 shares. The stock had previously closed at $14.92.

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

The business has a 50 day moving average of $14.12 and a 200 day moving average of $13.69.

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

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.5086 per share. 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

Several hedge funds have recently made changes to their positions in PDBC. Consultiva Wealth Management CORP. lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 70.1% during the second 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. Pacifica Partners Inc. acquired a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter valued at about $26,000. Tucker Asset Management LLC purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter worth about $31,000. HHM Wealth Advisors LLC acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the second quarter worth approximately $32,000. Finally, International Assets Investment Management LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at approximately $34,000.

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.