Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 52-Week High – Here’s Why

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBCGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $19.28 and last traded at $19.2510, with a volume of 9082 shares changing hands. The stock had previously closed at $19.01.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 1.6%

The company has a 50 day moving average of $17.72 and a two-hundred day moving average of $17.34.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

A number of hedge funds have recently made changes to their positions in PDBC. Revolve Wealth Partners LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $272,000. XTX Topco Ltd purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter worth about $181,000. EverSource Wealth Advisors LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 23.7% during 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 during the period. Qube Research & Technologies Ltd lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 37.5% during the second quarter. Qube Research & Technologies Ltd now owns 175,006 shares of the exchange traded fund’s stock valued at $2,282,000 after purchasing an additional 47,711 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 85.9% during the 2nd quarter. NewEdge Advisors LLC now owns 110,874 shares of the exchange traded fund’s stock valued at $1,446,000 after buying an additional 51,248 shares during the period.

About Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

(Get Free Report)

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.

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