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

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD)’s share price shot up 0.7% on Monday . The stock traded as high as $31.48 and last traded at $31.28. 33,812 shares traded hands during mid-day 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 Trading Up 0.7 %

The stock’s fifty day moving average price is $32.03 and its 200-day moving average price is $31.96.

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

A number of hedge funds have recently modified their holdings of BCD. JPMorgan Chase & Co. acquired a new stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 3rd quarter valued at approximately $44,000. American National Bank & Trust boosted its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 12.9% during the third quarter. American National Bank & Trust now owns 3,336 shares of the company’s stock worth $109,000 after buying an additional 382 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the third quarter valued at $250,000. Certified Advisory Corp raised its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 41.7% in the 2nd quarter. Certified Advisory Corp now owns 13,386 shares of the company’s stock valued at $434,000 after buying an additional 3,937 shares during the period. Finally, Crescent Grove Advisors LLC acquired a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the 3rd quarter worth about $535,000.

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).