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

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $63.22 and last traded at $63.22, with a volume of 1989 shares traded. The stock had previously closed at $61.26.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

The business’s 50-day simple moving average is $59.43 and its 200-day simple moving average is $55.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated boosted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 0.9% in the first quarter. Silver Oak Securities Incorporated now owns 22,180 shares of the company’s stock valued at $1,318,000 after purchasing an additional 206 shares during the last quarter. Pullen Investment Management LLC raised its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 2.7% during the 1st quarter. Pullen Investment Management LLC now owns 9,114 shares of the company’s stock valued at $542,000 after buying an additional 237 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 4.2% in the 3rd quarter. Focus Partners Wealth now owns 7,732 shares of the company’s stock valued at $407,000 after buying an additional 315 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 5.8% in the 1st quarter. Valmark Advisers Inc. now owns 6,605 shares of the company’s stock valued at $392,000 after buying an additional 360 shares during the period. Finally, CWM LLC boosted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 682.3% in the third quarter. CWM LLC now owns 485 shares of the company’s stock worth $26,000 after buying an additional 423 shares during the last quarter.

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.