Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 1-Year High – Still a Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price reached a new 52-week high on Monday . The stock traded as high as $17.60 and last traded at $17.55, with a volume of 3945089 shares traded. The stock had previously closed at $17.52.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 0.7%

The business has a 50 day moving average price of $15.63 and a two-hundred day moving average price of $14.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pacifica Partners Inc. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 4th quarter valued at $26,000. Tucker Asset Management LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $34,000. Cape Investment Advisory Inc. boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 56.7% during the second quarter. Cape Investment Advisory Inc. now owns 2,898 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 1,049 shares during the period. Finally, CENTRAL TRUST Co purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter worth about $43,000.

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.