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

Shares of iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.65 and last traded at $62.57, with a volume of 23062 shares trading hands. The stock had previously closed at $61.99.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

The stock’s 50 day moving average price is $58.30 and its 200 day moving average price is $54.65.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CWM LLC increased its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 682.3% during the 3rd quarter. CWM LLC now owns 485 shares of the company’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter valued at approximately $49,000. Advisory Services Network LLC bought a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the third quarter valued at $157,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter valued at $162,000.

iShares Bloomberg Roll Select Commodity Strategy ETF Company Profile

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.