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

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) shares shot up 0.7% during mid-day trading on Friday . The stock traded as high as $37.07 and last traded at $37.06. Approximately 17,936 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 67,338 shares. The stock had previously closed at $36.82.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Up 0.7%

The firm’s fifty day simple moving average is $35.59 and its 200 day simple moving average is $35.64.

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

Several large investors have recently made changes to their positions in the business. Aureus Asset Management LLC acquired a new stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the first quarter worth about $213,000. Flow Traders U.S. LLC bought a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the second quarter worth about $282,000. Cohen & Steers Inc. lifted its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% during the 4th quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock worth $600,000 after buying an additional 1,290 shares in the last quarter. Madison Asset Management LLC boosted its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 89.9% in the fourth quarter. Madison Asset Management LLC now owns 21,646 shares of the company’s stock valued at $670,000 after acquiring an additional 10,246 shares during the last quarter. Finally, Mengis Capital Management Inc. grew its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.8% during the 4th quarter. Mengis Capital Management Inc. now owns 63,842 shares of the company’s stock worth $1,977,000 after buying an additional 2,344 shares during the period.

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