Faithward Advisors LLC Sells 558,924 Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $PDBC

Faithward Advisors LLC lessened its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 92.8% in the third quarter, Holdings Channel reports. The institutional investor owned 43,563 shares of the exchange traded fund’s stock after selling 558,924 shares during the quarter. Faithward Advisors LLC’s holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tidal Investments LLC lifted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 803.0% in the second quarter. Tidal Investments LLC now owns 2,350,844 shares of the exchange traded fund’s stock worth $30,655,000 after buying an additional 2,090,507 shares in the last quarter. Beacon Capital Management Inc. purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the second quarter valued at approximately $16,163,000. Quadrature Capital Ltd grew its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2,599.8% during the second quarter. Quadrature Capital Ltd now owns 1,160,203 shares of the exchange traded fund’s stock valued at $15,123,000 after acquiring an additional 1,117,229 shares in the last quarter. Bank of Nova Scotia bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 2nd quarter worth approximately $13,040,000. Finally, Barclays PLC increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 396.7% during the 3rd quarter. Barclays PLC now owns 1,072,300 shares of the exchange traded fund’s stock worth $14,401,000 after acquiring an additional 856,400 shares during the period.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Up 1.7%

NASDAQ PDBC opened at $17.47 on Thursday. The company’s 50 day simple moving average is $14.83 and its two-hundred day simple moving average is $13.95. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 1 year low of $12.02 and a 1 year high of $17.47.

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

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.5086 dividend. This represents a dividend yield of 383.0%. The ex-dividend date was Monday, December 22nd.

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. PDBC was launched on Nov 7, 2014 and is managed by Invesco.