abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Reaches New 1-Year High – Time to Buy?

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) hit a new 52-week high during trading on Monday . The company 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 Up 1.8%

The firm’s fifty day simple moving average is $21.63 and its two-hundred day simple moving average is $21.12.

Institutional Trading of abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BCI. JPMorgan Chase & Co. raised its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20,626.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,218 shares of the company’s stock valued at $134,000 after buying an additional 6,188 shares during the period. Financial & Tax Architects LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 3rd quarter valued at approximately $20,663,000. Compass Financial Group Inc. acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 3rd quarter worth approximately $1,891,000. Leavell Investment Management Inc. boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 15.7% during the 3rd quarter. Leavell Investment Management Inc. now owns 265,878 shares of the company’s stock worth $5,727,000 after purchasing an additional 36,017 shares during the period. Finally, Carter Financial Group INC. acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 2nd quarter valued at approximately $984,000.

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.