iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Hits New 12-Month High – Should You Buy?

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY)’s share price reached a new 52-week high on Monday . The stock traded as high as $62.65 and last traded at $62.57, with a volume of 23062 shares changing hands. The stock had previously closed at $61.99.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

The business has a 50-day moving average of $58.62 and a 200-day moving average of $54.77.

Institutional Trading of iShares Bloomberg Roll Select Commodity Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of CMDY. Brighton Jones LLC purchased a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth $340,000. Raymond James Financial Inc. raised its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 4.2% in the second quarter. Raymond James Financial Inc. now owns 25,392 shares of the company’s stock valued at $1,281,000 after buying an additional 1,029 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 12.1% in the second quarter. Ameriprise Financial Inc. now owns 353,088 shares of the company’s stock valued at $17,809,000 after buying an additional 38,157 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 37.3% during the second quarter. Bank of America Corp DE now owns 84,758 shares of the company’s stock worth $4,275,000 after buying an additional 23,006 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 11.7% during the second quarter. Osaic Holdings Inc. now owns 21,464 shares of the company’s stock worth $1,082,000 after buying an additional 2,241 shares during the period.

About iShares Bloomberg Roll Select Commodity Strategy ETF

The iShares Bloomberg Roll Select Broad Commodity ETF (CMDY) is an exchange-traded fund that is based on the Bloomberg Roll Select Commodity index. The fund tracks an index that holds futures contracts on a roll-cost optimized broad market commodity index. CMDY was launched on Apr 3, 2018 and is managed by Blackrock.