Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 1-Year Low – Here’s Why

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.59 and last traded at $12.57, with a volume of 1308399 shares changing hands. The stock had previously closed at $13.18.

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

The stock’s 50-day moving average is $13.47 and its two-hundred day moving average is $13.45.

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

A number of institutional investors and hedge funds have recently made changes to their positions in PDBC. D.A. Davidson & CO. increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 11.9% during the third quarter. D.A. Davidson & CO. now owns 14,149 shares of the exchange traded fund’s stock worth $190,000 after acquiring an additional 1,509 shares during the last quarter. FMR LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 36.8% in the third quarter. FMR LLC now owns 3,789,455 shares of the exchange traded fund’s stock valued at $50,892,000 after acquiring an additional 1,019,984 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 125,533 shares of the exchange traded fund’s stock worth $1,686,000 after acquiring an additional 6,141 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter worth about $530,000. Finally, State Street Corp grew its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.6% during the 3rd quarter. State Street Corp now owns 586,203 shares of the exchange traded fund’s stock valued at $7,873,000 after purchasing an additional 36,070 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.