abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Trading Up 0.7% – Time to Buy?

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD)’s share price traded up 0.7% on Friday . The stock traded as high as $37.07 and last traded at $37.06. Approximately 17,936 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 67,338 shares. The stock had previously closed at $36.82.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Trading Up 0.7%

The company’s 50-day moving average price is $35.59 and its 200-day moving average price is $35.64.

Hedge Funds Weigh In On abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCD. Aureus Asset Management LLC acquired a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 1st quarter valued at about $213,000. Flow Traders U.S. LLC acquired a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the second quarter worth about $282,000. Cohen & Steers Inc. boosted its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% during the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock worth $600,000 after buying an additional 1,290 shares during the period. Madison Asset Management LLC grew its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 89.9% during the fourth quarter. Madison Asset Management LLC now owns 21,646 shares of the company’s stock worth $670,000 after buying an additional 10,246 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% during the fourth quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock worth $1,977,000 after buying an additional 2,344 shares in the last quarter.

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

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index). BCD was launched on Mar 30, 2017 and is managed by Abrdn.