abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Reaches New 12-Month High – Should You Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s share price reached a new 52-week high on Monday . The stock traded as high as $24.54 and last traded at $24.54, with a volume of 943 shares traded. The stock had previously closed at $24.09.

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

The stock has a 50 day simple moving average of $22.28 and a 200-day simple moving average of $21.98.

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

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth about $27,000. Horizon Investments LLC bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at about $35,000. Silver Grove Financial Group Inc. purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter worth about $53,000. Sunbelt Securities Inc. raised its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% in the third quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock worth $66,000 after buying an additional 573 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the second quarter worth about $98,000.

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