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

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.41 and last traded at $15.3560, with a volume of 1315976 shares changing hands. The stock had previously closed at $14.92.

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

The company’s 50-day simple moving average is $14.04 and its 200-day simple moving average is $13.65.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.5086 per share. This represents a yield of 383.0%. The ex-dividend date was Monday, December 22nd.

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

Several institutional investors and hedge funds have recently made changes to their positions in PDBC. B. Riley Wealth Advisors Inc. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter valued at about $2,631,000. Advyzon Investment Management LLC increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 121.6% during the 3rd quarter. Advyzon Investment Management LLC now owns 112,865 shares of the exchange traded fund’s stock valued at $1,516,000 after purchasing an additional 61,939 shares during the last quarter. Exencial Wealth Advisors LLC increased its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 995,151 shares of the exchange traded fund’s stock valued at $13,365,000 after purchasing an additional 46,935 shares during the last quarter. Canal Capital Management LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 132.4% during the 2nd quarter. Canal Capital Management LLC now owns 107,523 shares of the exchange traded fund’s stock worth $1,402,000 after purchasing an additional 61,252 shares during the period. Finally, Bank of Nova Scotia purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 2nd quarter worth about $13,040,000.

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.