Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Shares Gap Down – Time to Sell?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) shares gapped down prior to trading on Monday . The stock had previously closed at $13.27, but opened at $12.70. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF shares last traded at $12.66, with a volume of 805,101 shares.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 4.6 %

The stock’s 50 day moving average price is $13.48 and its 200-day moving average price is $13.57.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empower Advisory Group LLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.5% in the third quarter. Empower Advisory Group LLC now owns 26,384,106 shares of the exchange traded fund’s stock valued at $354,339,000 after purchasing an additional 1,834,864 shares during the last quarter. New York Life Investment Management LLC boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3,745.8% during the 2nd quarter. New York Life Investment Management LLC now owns 1,125,982 shares of the exchange traded fund’s stock valued at $15,820,000 after buying an additional 1,096,704 shares during the period. FMR LLC grew its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 36.8% in the 3rd quarter. FMR LLC now owns 3,789,455 shares of the exchange traded fund’s stock worth $50,892,000 after acquiring an additional 1,019,984 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 59,605.6% during the third quarter. International Assets Investment Management LLC now owns 932,602 shares of the exchange traded fund’s stock valued at $12,525,000 after acquiring an additional 931,040 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 129.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,459,457 shares of the exchange traded fund’s stock valued at $20,505,000 after purchasing an additional 822,004 shares during the period.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Company Profile

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.