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Fifth Third Bancorp Raises Position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Defense World ·  Apr 9, 2023 18:21

Fifth Third Bancorp increased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Rating) by 184.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,965 shares of the exchange traded fund's stock after purchasing an additional 39,516 shares during the period. Fifth Third Bancorp's holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 53.4% during the first quarter. Bank of New York Mellon Corp now owns 224,235 shares of the exchange traded fund's stock worth $3,955,000 after purchasing an additional 78,093 shares during the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 22.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 24,266 shares of the exchange traded fund's stock worth $428,000 after buying an additional 4,496 shares during the last quarter. Citigroup Inc. raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 37.1% in the 1st quarter. Citigroup Inc. now owns 38,109 shares of the exchange traded fund's stock worth $672,000 after buying an additional 10,309 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 231.8% in the first quarter. PNC Financial Services Group Inc. now owns 11,326 shares of the exchange traded fund's stock valued at $200,000 after acquiring an additional 7,913 shares during the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the first quarter valued at about $205,000.

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

Shares of NASDAQ:PDBC opened at $14.45 on Friday. The business has a 50-day moving average of $14.23 and a two-hundred day moving average of $15.52. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $13.38 and a 12 month high of $20.76.

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

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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.

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