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Janney Montgomery Scott LLC Cuts Stock Position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Defense World ·  May 2, 2023 17:03

Janney Montgomery Scott LLC trimmed its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Rating) by 29.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,904 shares of the exchange traded fund's stock after selling 23,439 shares during the period. Janney Montgomery Scott LLC's holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $811,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PDBC. Allworth Financial LP grew its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 276.0% during the third quarter. Allworth Financial LP now owns 1,643 shares of the exchange traded fund's stock valued at $27,000 after acquiring an additional 1,206 shares during the last quarter. Absolute Capital Management LLC bought a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF during the 3rd quarter valued at $66,000. Ronald Blue Trust Inc. purchased a new position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the 3rd quarter worth $66,000. Bessemer Group Inc. raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 397.5% in the 3rd quarter. Bessemer Group Inc. now owns 4,129 shares of the exchange traded fund's stock worth $67,000 after purchasing an additional 3,299 shares during the period. Finally, Accurate Wealth Management LLC bought a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the fourth quarter worth $82,000.

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Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 0.8 %

Shares of NASDAQ:PDBC opened at $14.04 on Tuesday. The stock's 50-day moving average price is $14.34 and its 200-day moving average price is $14.34. 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.

Further Reading

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Want to see what other hedge funds are holding PDBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC – Get Rating).

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