Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) Shares Gap Down – Here’s What Happened

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) gapped down before the market opened on Monday . The stock had previously closed at $13.27, but opened at $12.70. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF shares last traded at $12.66, with a volume of 805,101 shares.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Stock Down 4.6 %

The stock’s fifty day moving average is $13.48 and its two-hundred day moving average is $13.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Empower Advisory Group LLC raised its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.5% in the third quarter. Empower Advisory Group LLC now owns 26,384,106 shares of the exchange traded fund’s stock valued at $354,339,000 after buying an additional 1,834,864 shares during the period. New York Life Investment Management LLC raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 3,745.8% in the 2nd quarter. New York Life Investment Management LLC now owns 1,125,982 shares of the exchange traded fund’s stock valued at $15,820,000 after acquiring an additional 1,096,704 shares during the period. FMR LLC raised its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 36.8% in the 3rd quarter. FMR LLC now owns 3,789,455 shares of the exchange traded fund’s stock valued at $50,892,000 after acquiring an additional 1,019,984 shares during the period. International Assets Investment Management LLC lifted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 59,605.6% during the third quarter. International Assets Investment Management LLC now owns 932,602 shares of the exchange traded fund’s stock valued at $12,525,000 after purchasing an additional 931,040 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 129.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,459,457 shares of the exchange traded fund’s stock worth $20,505,000 after purchasing an additional 822,004 shares during the period.

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