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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares hit a new 52-week high on Thursday . The stock traded as high as $17.78 and last traded at $17.78, with a volume of 10244697 shares changing hands. The stock had previously closed at $17.59.

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

The stock has a 50-day moving average of $16.36 and a 200-day moving average of $14.63.

Hedge Funds Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several institutional investors have recently modified their holdings of PDBC. Pacifica Partners Inc. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $26,000. Tucker Asset Management LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth approximately $34,000. CENTRAL TRUST Co purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its position 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 worth $53,000 after acquiring an additional 781 shares during 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.