abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sets New 1-Year High – Should You Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $21.53 and last traded at $21.52, with a volume of 206585 shares traded. The stock had previously closed at $21.22.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Down 0.2 %

The business has a fifty day moving average price of $20.42 and a 200 day moving average price of $20.12.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fullerton Fund Management Co Ltd. bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at approximately $2,193,000. Great Lakes Advisors LLC grew its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 8.7% during the 4th quarter. Great Lakes Advisors LLC now owns 1,215,558 shares of the company’s stock worth $24,007,000 after buying an additional 97,018 shares during the last quarter. Leavell Investment Management Inc. grew its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 31.9% during the 4th quarter. Leavell Investment Management Inc. now owns 177,510 shares of the company’s stock worth $3,506,000 after buying an additional 42,926 shares during the last quarter. Cohen & Steers Inc. grew its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 53.2% during the 4th quarter. Cohen & Steers Inc. now owns 61,743 shares of the company’s stock worth $1,219,000 after buying an additional 21,447 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% during the 3rd quarter. Hollencrest Capital Management now owns 30,748 shares of the company’s stock worth $628,000 after buying an additional 3,189 shares during the last quarter.

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.