abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Large Volume Increase – Time to Buy?

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw an uptick in trading volume on Wednesday . 1,077,928 shares traded hands during trading, an increase of 209% from the previous session’s volume of 349,073 shares.The stock last traded at $21.32 and had previously closed at $21.19.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Performance

The company’s 50 day simple moving average is $20.88 and its 200-day simple moving average is $20.33.

Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 938.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,493 shares of the company’s stock worth $49,000 after acquiring an additional 2,253 shares during the period. Fullerton Fund Management Co Ltd. purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at approximately $2,193,000. Captrust Financial Advisors grew its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 5.3% during the 4th quarter. Captrust Financial Advisors now owns 28,501 shares of the company’s stock valued at $563,000 after buying an additional 1,429 shares in the last quarter. IHT Wealth Management LLC grew its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 10.2% during the 4th quarter. IHT Wealth Management LLC now owns 19,012 shares of the company’s stock valued at $375,000 after buying an additional 1,753 shares in the last quarter. Finally, Cohen & Steers Inc. grew its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 53.2% during the 4th quarter. Cohen & Steers Inc. now owns 61,743 shares of the company’s stock valued at $1,219,000 after buying an additional 21,447 shares in the last quarter.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

The abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI) is an exchange-traded fund that is based on the Bloomberg Commodity Total Return index. The fund seeks to outperform a broad-market commodity index through the active management of the fund`s collateral. The index includes 26 commodity futures with maturities of 1-3 months.