Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 52-Week High – Time to Buy?

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) hit a new 52-week high on Monday . The stock traded as high as $20.07 and last traded at $19.9630, with a volume of 10337 shares. The stock had previously closed at $19.79.

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

The company has a fifty day moving average price of $17.89 and a 200-day moving average price of $17.41.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Verus Capital Partners LLC grew its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% during the first quarter. Verus Capital Partners LLC now owns 13,365 shares of the exchange traded fund’s stock valued at $231,000 after acquiring an additional 624 shares in the last quarter. Narus Financial Partners LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.4% in the 4th quarter. Narus Financial Partners LLC now owns 30,213 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 697 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 worth $53,000 after purchasing an additional 781 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.6% in the 1st quarter. Integrated Advisors Network LLC now owns 12,744 shares of the exchange traded fund’s stock valued at $221,000 after purchasing an additional 905 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 42,189 shares of the exchange traded fund’s stock valued at $550,000 after purchasing an additional 951 shares during the period.

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.