Sun Sep 15 11:52:53 UTC 2024: ## LPL Financial Cuts Stakes in Commodity ETF Amid Market Volatility

**New York, NY – September 15, 2024** – Financial services firm LPL Financial LLC has reduced its holdings in the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) by 14.3% during the second quarter, according to a recent filing with the Securities and Exchange Commission.

The firm sold 604,750 shares of the ETF, bringing its total ownership to 3,616,657 shares, representing approximately 1.01% of the fund’s total value. LPL’s decision to decrease its stake in PDBC coincides with a period of volatility in the commodity market, suggesting a possible adjustment to investment strategies.

While LPL reduced its position, other institutional investors have shown interest in the ETF. Fifth Third Bancorp increased its stake in PDBC by 96.0% during the second quarter, while several new investors, including EverSource Wealth Advisors LLC, YHB Investment Advisors Inc., Versant Capital Management Inc, and Transcendent Capital Group LLC, purchased positions in the ETF during recent quarters.

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) tracks a broad basket of commodity futures, aiming to mitigate negative roll yield through active management.

Shares of PDBC opened at $13.05 on Friday, with a 50-day moving average price of $13.42 and a 200-day moving average price of $13.80. The ETF has experienced a range within the past year, with a low of $12.60 and a high of $15.35.

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