iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Hits New 1-Year High – Time to Buy?

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $61.02 and last traded at $60.87, with a volume of 7214 shares trading hands. The stock had previously closed at $60.68.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Up 0.6%

The stock has a 50-day simple moving average of $57.74 and a 200 day simple moving average of $54.46.

Institutional Investors Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 682.3% in the 3rd quarter. CWM LLC now owns 485 shares of the company’s stock valued at $26,000 after buying an additional 423 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter valued at $49,000. Advisory Services Network LLC acquired a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the 3rd quarter worth $157,000. Finally, Manning & Napier Advisors LLC acquired a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth $162,000.

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.