Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Reaches New 52-Week Low – Here’s Why

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)’s share price hit a new 52-week low during 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 Price Performance

The business’s 50 day moving average is $13.45 and its 200 day moving average is $13.45.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 36.8% during 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 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% during the third quarter. Rockefeller Capital Management L.P. now owns 125,533 shares of the exchange traded fund’s stock worth $1,686,000 after purchasing an additional 6,141 shares during the period. Benjamin Edwards Inc. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the third quarter valued at approximately $530,000. State Street Corp increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.6% in the 3rd quarter. State Street Corp now owns 586,203 shares of the exchange traded fund’s stock worth $7,873,000 after buying an additional 36,070 shares during the period. Finally, Zega Financial LLC raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 159.4% during the 3rd quarter. Zega Financial LLC now owns 40,981 shares of the exchange traded fund’s stock worth $550,000 after buying an additional 25,180 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.