Miracle Mile Advisors LLC Trims Position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC)

Miracle Mile Advisors LLC decreased its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,279 shares of the exchange traded fund’s stock after selling 31,548 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF were worth $3,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDBC. Morgan Stanley raised its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 13.4% in the third quarter. Morgan Stanley now owns 24,929,824 shares of the exchange traded fund’s stock worth $372,701,000 after purchasing an additional 2,940,835 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 6,436.9% in the 4th quarter. Stifel Financial Corp now owns 2,718,975 shares of the exchange traded fund’s stock worth $36,163,000 after acquiring an additional 2,677,381 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF by 7,722.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,887,575 shares of the exchange traded fund’s stock valued at $25,105,000 after acquiring an additional 1,863,444 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake 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 acquiring an additional 1,505,382 shares in the last quarter. Finally, SMI Advisory Services LLC purchased a new stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in the first quarter worth about $21,020,000.

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Trading Up 1.3 %

PDBC stock opened at $14.23 on Tuesday. The firm has a 50 day moving average price of $14.09 and a 200-day moving average price of $13.76. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has a 52-week low of $13.05 and a 52-week 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.