M Wealth Management LLC Purchases New Holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

M Wealth Management LLC acquired a new position in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 259,108 shares of the exchange traded fund’s stock, valued at approximately $3,366,000. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF comprises 3.1% of M Wealth Management LLC’s portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PDBC. Empower Advisory Group LLC grew its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7.5% during the 3rd quarter. Empower Advisory Group LLC now owns 26,384,106 shares of the exchange traded fund’s stock valued at $354,339,000 after purchasing an additional 1,834,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,241,416 shares of the exchange traded fund’s stock worth $83,822,000 after buying an additional 364,421 shares during the last quarter. FMR LLC increased its holdings in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 36.8% during the third quarter. FMR LLC now owns 3,789,455 shares of the exchange traded fund’s stock worth $50,892,000 after buying an additional 1,019,984 shares in the last quarter. BNP Paribas Financial Markets raised its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 62.5% in the third quarter. BNP Paribas Financial Markets now owns 2,075,200 shares of the exchange traded fund’s stock valued at $27,870,000 after purchasing an additional 798,300 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 1,927,133 shares of the exchange traded fund’s stock valued at $25,033,000 after buying an additional 46,962 shares during the period.

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

Shares of NASDAQ PDBC opened at $13.37 on Thursday. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52-week low of $12.60 and a 52-week high of $14.55. The firm has a 50 day moving average price of $13.31 and a two-hundred day moving average price of $13.41.

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

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.5747 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.