Canal Capital Management LLC Sells 36,315 Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $PDBC

Canal Capital Management LLC reduced its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 56.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,177 shares of the exchange traded fund’s stock after selling 36,315 shares during the quarter. Canal Capital Management LLC’s holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PDBC. Marion Wealth Management lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.9% during the 4th quarter. Marion Wealth Management now owns 1,122,132 shares of the exchange traded fund’s stock valued at $16,091,000 after purchasing an additional 52,698 shares during the last quarter. Rede Wealth LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the fourth quarter worth about $528,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2,080.5% during the third quarter. JPMorgan Chase & Co. now owns 209,004 shares of the exchange traded fund’s stock worth $2,807,000 after buying an additional 199,419 shares in the last quarter. Innova Wealth Partners acquired a new stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the third quarter worth approximately $688,000. Finally, Integrated Capital Management Inc. increased its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 4.4% during the fourth quarter. Integrated Capital Management Inc. now owns 771,004 shares of the exchange traded fund’s stock worth $10,216,000 after buying an additional 32,259 shares in the last quarter.

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

Shares of PDBC opened at $15.87 on Friday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a one year low of $12.87 and a one year high of $18.95. The business’s 50 day simple moving average is $17.50 and its 200-day simple moving average is $16.00.

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