3 Factors Lead Me To Maintain My Buy Recommendation On PDBA

Invesco Agriculture Commodity Strategy No K-1 ETF remains a Buy, targeting a potential test of the 2024 record high of $40.42. PDBA benefits from bullish drivers: Super El Niño, persistent inflation, and geopolitical disruptions, all supporting higher agricultural commodity prices. The ETF offers diversified exposure across grains, oilseeds, soft commodities, and animal proteins, with a 2.91% yield and no K-1 tax form.