abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Hits New 12-Month High – Still a Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCIGet Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $22.38 and last traded at $22.3560, with a volume of 227167 shares traded. The stock had previously closed at $22.15.

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

The stock has a 50 day simple moving average of $21.63 and a two-hundred day simple moving average of $21.12.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 98.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,742 shares of the company’s stock valued at $36,000 after purchasing an additional 862 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,432 shares of the company’s stock valued at $92,000 after acquiring an additional 738 shares during the period. BNP Paribas Financial Markets acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 2nd quarter worth about $98,000. MTM Investment Management LLC acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth approximately $103,000. Finally, JPMorgan Chase & Co. lifted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20,626.7% during the third quarter. JPMorgan Chase & Co. now owns 6,218 shares of the company’s stock valued at $134,000 after purchasing an additional 6,188 shares in the last quarter.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Company Profile

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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.

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