Why This Adviser Cut $7 Million From a $4.6 Billion Commodity ETF

• Pennsylvania-based Faithward Advisors sold 558,924 shares of PDBC successful the 3rd quarter.

• The wide presumption worth changed by astir $7.27 cardinal from the erstwhile period.

• As of September 30, the money reported holding 43,563 PDBC shares valued astatine $585,051.

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Pennsylvania-based Faithward Advisors reduced its presumption successful the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by 558,924 shares, a nett alteration of astir $7.27 million, according to a November 19 SEC filing.

According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) connected November 19, Faithward Advisors trimmed its involvement successful Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (NASDAQ:PDBC) by astir 558,924 shares. The post-trade holding stands astatine 43,563 shares valued astatine $585,051 arsenic of September 30.

The fund's PDBC involvement present represents conscionable 0.09% of 13F reportable assets nether management.

Top holdings aft the filing:

• NYSEMKT: IBD: $36.15 cardinal (5.38% of AUM)

• NYSEMKT: GLRY: $28.98 cardinal (4.31% of AUM)

• NASDAQ: PLTR: $22.11 cardinal (3.29% of AUM)

• NYSEMKT: IAU: $19.13 cardinal (2.84% of AUM)

• NYSEMKT: BINC: $17.13 cardinal (2.55% of AUM)

As of Monday, PDBC shares were priced astatine $13.49, up 3% implicit the past year, compared to a 16% summation for the S&P 500 successful the aforesaid period.

• PDBC is an actively managed ETF seeking to supply vulnerability to a diversified handbasket of the world's astir heavy traded commodities done fiscal instruments.

• It's structured arsenic an ETF, the money is designed for investors seeking commodity vulnerability wrong a liquid, exchange-traded vehicle.

• It serves organization and idiosyncratic investors looking for broad-based commodity information without nonstop carnal holdings oregon analyzable taxation documents.

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is simply a large-scale, actively managed money with a marketplace capitalization of $4.6 billion. The money provides diversified commodity vulnerability done a portfolio of fiscal instruments, aiming to seizure returns from energy, agricultural, and metallic markets without requiring investors to grip analyzable taxation documents.

PDBC's strategy enables businesslike entree to commodity markets portion distributing income, arsenic reflected by its 4.2% dividend yield. The ETF's operation and progressive absorption connection a competitory borderline for organization and idiosyncratic investors seeking broad-based commodity information successful a single, liquid security.