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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) hit a new 52-week high on Tuesday . The company traded as high as $19.28 and last traded at $19.2510, with a volume of 9082 shares traded. The stock had previously closed at $19.01.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Up 1.4%

The company’s 50 day moving average price is $17.58 and its two-hundred day moving average price is $17.27.

Institutional Investors Weigh In On Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Several institutional investors have recently made changes to their positions in PDBC. Tidal Investments LLC grew its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% in the second quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock worth $30,655,000 after purchasing an additional 2,090,507 shares during the last quarter. Barclays PLC raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 396.7% in the 3rd quarter. Barclays PLC now owns 1,072,300 shares of the exchange traded fund’s stock worth $14,401,000 after acquiring an additional 856,400 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5,827.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 829,660 shares of the exchange traded fund’s stock worth $14,370,000 after acquiring an additional 815,663 shares in the last quarter. Morgan Stanley lifted its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.3% during the 4th quarter. Morgan Stanley now owns 19,076,997 shares of the exchange traded fund’s stock worth $252,770,000 after purchasing an additional 784,292 shares during the last quarter. Finally, Advisortrust Partners LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 1st quarter worth $12,448,000.

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.