Beacon Capital Management Inc. Cuts Stock Position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $PDBC

Beacon Capital Management Inc. decreased its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,186,383 shares of the exchange traded fund’s stock after selling 53,136 shares during the period. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF comprises approximately 0.8% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 27th largest holding. Beacon Capital Management Inc. owned approximately 0.36% of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF worth $15,933,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PDBC. Empower Advisory Group LLC raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.0% during the second quarter. Empower Advisory Group LLC now owns 31,466,599 shares of the exchange traded fund’s stock worth $410,324,000 after acquiring an additional 1,771,280 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,850,916 shares of the exchange traded fund’s stock worth $115,416,000 after purchasing an additional 452,374 shares during the last quarter. SigFig Wealth Management LLC lifted its stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 0.7% in the 2nd quarter. SigFig Wealth Management LLC now owns 6,610,640 shares of the exchange traded fund’s stock valued at $86,136,000 after buying an additional 43,933 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,071,199 shares of the exchange traded fund’s stock worth $53,064,000 after buying an additional 491,161 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 1.2% in the 2nd quarter. Briaud Financial Planning Inc now owns 2,540,275 shares of the exchange traded fund’s stock worth $33,125,000 after buying an additional 30,796 shares during the last quarter.

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

Shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF stock opened at $13.45 on Friday. The business has a 50 day simple moving average of $13.59 and a two-hundred day simple moving average of $13.39. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 12 month low of $12.02 and a 12 month high of $14.00.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.5086 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 383.0%.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 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. PDBC was launched on Nov 7, 2014 and is managed by Invesco.