abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Stock Price Up 0.7% – Still a Buy?

Shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) traded up 0.7% during mid-day trading on Monday . The stock traded as high as $31.48 and last traded at $31.28. 33,812 shares traded hands during trading, a decline of 38% from the average session volume of 54,978 shares. The stock had previously closed at $31.07.

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

The stock has a 50-day moving average price of $32.03 and a 200 day moving average price of $31.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Great Lakes Advisors LLC increased its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 18.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 1,484,444 shares of the company’s stock worth $48,126,000 after acquiring an additional 234,160 shares in the last quarter. Certified Advisory Corp increased its stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 41.7% during the second quarter. Certified Advisory Corp now owns 13,386 shares of the company’s stock worth $434,000 after purchasing an additional 3,937 shares in the last quarter. American National Bank & Trust raised its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 12.9% during the 3rd quarter. American National Bank & Trust now owns 3,336 shares of the company’s stock worth $109,000 after purchasing an additional 382 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 3rd quarter valued at about $535,000. Finally, Flow Traders U.S. LLC acquired a new stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 3rd quarter worth about $250,000.

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

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).