iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Hits New 1-Year High – Here’s Why

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDYGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $64.63 and last traded at $64.50, with a volume of 79812 shares changing hands. The stock had previously closed at $63.96.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

The business has a 50-day simple moving average of $59.77 and a 200 day simple moving average of $59.14.

Hedge Funds Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Hedge funds have recently modified their holdings of the company. Noble Wealth Partners LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 2nd quarter valued at $286,000. TD Waterhouse Canada Inc. raised its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 27.2% during the second quarter. TD Waterhouse Canada Inc. now owns 1,433,635 shares of the company’s stock valued at $78,851,000 after acquiring an additional 306,155 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the second quarter valued at about $22,486,000. Bank of America Corp DE boosted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 6.8% in the first quarter. Bank of America Corp DE now owns 161,818 shares of the company’s stock worth $9,615,000 after acquiring an additional 10,354 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 20,127 shares of the company’s stock worth $1,196,000 after acquiring an additional 564 shares during the period.

iShares Bloomberg Roll Select Commodity Strategy ETF Company Profile

(Get Free Report)

The iShares Bloomberg Roll Select Broad Commodity ETF (CMDY) is an exchange-traded fund that is based on the Bloomberg Roll Select Commodity index. The fund tracks an index that holds futures contracts on a roll-cost optimized broad market commodity index. CMDY was launched on Apr 3, 2018 and is managed by Blackrock.

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