Bailard Inc. Trims Holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Bailard Inc. cut its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 99.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,294 shares of the exchange traded fund’s stock after selling 4,285,485 shares during the quarter. Bailard Inc.’s holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PDBC. Morgan Stanley boosted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13.4% during the third quarter. Morgan Stanley now owns 24,929,824 shares of the exchange traded fund’s stock worth $372,701,000 after acquiring an additional 2,940,835 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.3% during the third quarter. Empower Advisory Group LLC now owns 20,882,977 shares of the exchange traded fund’s stock worth $312,201,000 after purchasing an additional 467,276 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 30.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,029,732 shares of the exchange traded fund’s stock valued at $75,194,000 after purchasing an additional 1,179,770 shares during the period. LPL Financial LLC increased its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.9% in the third quarter. LPL Financial LLC now owns 3,593,362 shares of the exchange traded fund’s stock valued at $53,721,000 after purchasing an additional 200,139 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 171.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,381,332 shares of the exchange traded fund’s stock worth $31,672,000 after buying an additional 1,505,382 shares during the period.

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

Shares of NASDAQ:PDBC opened at $14.29 on Tuesday. The stock’s 50-day moving average price is $13.83 and its two-hundred day moving average price is $13.89. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12-month low of $13.05 and a 12-month high of $15.35.

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.