Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Hits New 12-Month Low at $13.87

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Rating) reached a new 52-week low on Monday . The company traded as low as $13.87 and last traded at $13.87, with a volume of 18123 shares trading hands. The stock had previously closed at $14.17.

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

The company has a 50 day simple moving average of $14.50 and a 200-day simple moving average of $15.90.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were issued a dividend of $1.928 per share. The ex-dividend date of this dividend was Monday, December 19th. This represents a dividend yield of 13.44%.

Institutional Trading of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 276.0% in the 3rd quarter. Allworth Financial LP now owns 1,643 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 1,206 shares during the last quarter. New England Capital Financial Advisors LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $26,000. Tradewinds LLC. bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $253,000. TCI Wealth Advisors Inc. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter valued at about $42,000. Finally, Ronald Blue Trust Inc. bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter valued at about $66,000.

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

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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.