Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Trading Up 0% – Still a Buy?

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) shares were up 0% on Tuesday . The stock traded as high as $35.19 and last traded at $35.13. Approximately 7,837 shares traded hands during trading, a decline of 77% from the average daily volume of 34,579 shares. The stock had previously closed at $35.12.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Up 0.0%

The stock’s fifty day simple moving average is $35.17 and its 200-day simple moving average is $35.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers acquired a new stake in Invesco Agriculture Commodity Strategy No K-1 ETF in the first quarter worth $717,000. Capital Wealth Alliance LLC increased its holdings in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 0.8% in the 2nd quarter. Capital Wealth Alliance LLC now owns 113,198 shares of the company’s stock worth $3,947,000 after acquiring an additional 939 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 2.2% in the 2nd quarter. Leavell Investment Management Inc. now owns 14,842 shares of the company’s stock worth $518,000 after acquiring an additional 318 shares during the period. International Assets Investment Management LLC bought a new stake in Invesco Agriculture Commodity Strategy No K-1 ETF in the 2nd quarter valued at about $219,000. Finally, Flow Traders U.S. LLC acquired a new position in Invesco Agriculture Commodity Strategy No K-1 ETF during the 1st quarter valued at about $961,000.

Invesco Agriculture Commodity Strategy No K-1 ETF Company Profile

The Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is an exchange-traded fund that mostly invests in broad market commodities. PBDA is an actively managed portfolio that provides exposure to global agricultural commodities through a Cayman Islands subsidiary. PDBA was launched on Aug 24, 2022 and is managed by Invesco.