Brookstone Capital Management, a renowned investment firm, has bolstered its holdings in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC), as per its 13F filing with the Securities and Exchange Commission (SEC). The company increased its stake by 4.0% during the second quarter, acquiring an additional 9,556 shares of the exchange-traded fund’s stock. At the end of this reporting period, Brookstone Capital Management possessed a total of 248,367 shares, valued at approximately $3,425,000.
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF is a diversified commodity-focused fund that offers investors exposure to a wide range of commodities such as energy, metals, agriculture, and livestock. By investing in this ETF, investors gain access to multiple commodity markets without having to engage in direct futures contracts or physical commodity transactions.
This upward adjustment in Brookstone Capital Management’s position affirms their confidence in the potential growth and profitability of this particular ETF. While it only constitutes around 0.07% of the firm’s portfolio value, it still signifies a significant bet on the performance of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.
Brookstone Capital Management has undoubtedly conducted meticulous research and analysis before deciding to enhance its investment in this particular asset. The decision may have been based on various factors such as market outlooks for commodities or a belief in the long-term potential of the sector.
The move also indicates that Brookstone Capital Management considers Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF to be an attractive option from a risk-reward perspective. Its decision to increase its stake suggests that they anticipate increased returns from this investment over time.
It is worth noting that while these actions by Brookstone Capital Management provide valuable insights into their investment strategies, they should not be considered as financial advice or a recommendation for individual investors. Investors should conduct thorough research, carefully assess their own risk tolerance, and consult with professional advisors when making investment decisions.
As an authorized asset management firm, Brookstone Capital Management’s 13F filing provides invaluable information to the investment community. The SEC mandates these filings from institutional investors managing over $100 million in assets, offering transparency and giving market participants a glimpse into the activities of notable players in the financial landscape.
In conclusion, Brookstone Capital Management’s increased stake in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF emphasizes the firm’s confidence in this investment opportunity. While it represents a modest portion of their overall portfolio, it still signifies a notable vote of confidence in the growth potential of this particular ETF. As always, it is crucial for individual investors to conduct thorough due diligence and consider their own investment objectives before making any financial decisions.
Updated on: 19/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Hedge Funds Show Increased Interest in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ: PDBC)
As of the first quarter of this year, several hedge funds have made significant moves in regards to shares of Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC). Private Trust Co. NA saw its stake in the exchange-traded fund’s stock increase by a staggering 96.7%, acquiring an additional 1,240 shares and bringing its total ownership to 2,522 shares valued at $36,000.
Parallel Advisors LLC also witnessed a substantial boost in its stake in PDBC during the same period. The company increased its ownership by 384.2%, adding 2,336 shares and now holding a total of 2,944 shares worth $42,000. Similarly, Kalos Management Inc. entered the playing field and purchased a new stake in the ETF valued at approximately $57,000.
Sandy Spring Bank was not to be left behind as it raised its position in PDBC by an impressive 144.2% during the fourth quarter of last year. The bank acquired an additional 2,535 shares worth $63,000 and now holds a total of 4,293 shares in Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.
Arlington Partners LLC also made their mark by entering the scene during the first quarter with a new position in PDBC valued at around $67,000. With these moves being made within such a short span of time, it is clear that there is considerable interest surrounding Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF.
On September 19th, the stock opened at $15.31 on Tuesday with a relatively stable performance over recent months. The company has recorded a fifty-day moving average price of $14.66 and a two-hundred-day moving average price of $14.16.
While these figures may give potential investors some insight into the company’s short term performance, it is important to consider the bigger picture before making any decisions. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF experienced a one year low of $13.21 and a one year high of $18.04.
Those considering an investment in PDBC should also be aware of other factors that may impact its performance. It is essential to stay up-to-date with the latest 13F filings and insider trades for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF. Websites such as HoldingsChannel.com provide access to comprehensive information on hedge fund holdings and insider activities, ensuring that investors can make informed decisions based on relevant data.
In conclusion, the recent buying and selling activities surrounding Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF indicate a heightened level of interest among hedge funds. As always, conducting thorough research and analyzing available information is crucial before making any investment decisions.