Steel Grove Capital Advisors LLC Sells 17,720 Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Steel Grove Capital Advisors LLC reduced its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 3.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 440,545 shares of the exchange traded fund’s stock after selling 17,720 shares during the period. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF accounts for 0.9% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Steel Grove Capital Advisors LLC’s holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $6,190,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 96.0% in the second quarter. Fifth Third Bancorp now owns 2,160 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 1,058 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 4th quarter worth $34,000. YHB Investment Advisors Inc. acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter worth $34,000. Versant Capital Management Inc bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter valued at about $36,000. Finally, Transcendent Capital Group LLC acquired a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter valued at about $38,000.

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

Shares of PDBC opened at $13.41 on Monday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $12.60 and a 1 year high of $15.24. The stock’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $13.80.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 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.