abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Hits New 1-Year High – Still a Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.98 and last traded at $25.99, with a volume of 513402 shares traded. The stock had previously closed at $25.71.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Price Performance

The company has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $23.79.

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

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter valued at about $27,000. Horizon Investments LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth about $35,000. Silver Grove Financial Group Inc. bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter worth about $53,000. CoreCap Advisors LLC grew its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 29.8% in the second quarter. CoreCap Advisors LLC now owns 2,798 shares of the company’s stock worth $63,000 after purchasing an additional 643 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock valued at $66,000 after purchasing an additional 573 shares during the period.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Company Profile

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. BCI was launched on Mar 30, 2017 and is managed by Abrdn.