Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Sees Large Volume Increase – Still a Buy?

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) saw an uptick in trading volume on Wednesday . 7,609,697 shares changed hands during trading, an increase of 122% from the previous session’s volume of 3,421,948 shares.The stock last traded at $13.72 and had previously closed at $13.88.

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

The business has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $13.81.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDBC. Fifth Third Bancorp raised its holdings in shares of 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 worth $30,000 after buying an additional 1,058 shares during the period. Aspect Partners LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $4,478,000. Leo Wealth LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $2,127,000. Brookstone Capital Management raised its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 24.2% in the second quarter. Brookstone Capital Management now owns 366,721 shares of the exchange traded fund’s stock worth $5,108,000 after buying an additional 71,515 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth approximately $259,000.

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.