iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Hits New 52-Week High – Still a Buy?

Shares of iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $64.04 and last traded at $64.04, with a volume of 210 shares trading hands. The stock had previously closed at $62.78.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

The stock’s 50-day moving average price is $59.84 and its 200 day moving average price is $55.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 20,127 shares of the company’s stock valued at $1,196,000 after acquiring an additional 564 shares during the period. Little House Capital LLC bought a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the first quarter worth about $1,026,000. SteelPeak Wealth LLC lifted its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 85.7% during the 1st quarter. SteelPeak Wealth LLC now owns 26,007 shares of the company’s stock worth $1,545,000 after purchasing an additional 12,002 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 1st quarter worth about $163,000. Finally, Valmark Advisers Inc. boosted its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 5.8% during the 1st quarter. Valmark Advisers Inc. now owns 6,605 shares of the company’s stock valued at $392,000 after purchasing an additional 360 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.