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

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

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

The stock has a 50 day moving average of $20.42 and a two-hundred day moving average of $20.12.

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

Institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 3rd quarter worth approximately $44,000. Sunbelt Securities Inc. grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 938.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,493 shares of the company’s stock worth $49,000 after purchasing an additional 2,253 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 43.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,675 shares of the company’s stock worth $55,000 after purchasing an additional 815 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 10.2% during the 4th quarter. IHT Wealth Management LLC now owns 19,012 shares of the company’s stock worth $375,000 after purchasing an additional 1,753 shares in 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.