abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Reaches New 1-Year High – Here’s Why

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) reached a new 52-week high on Tuesday . The stock traded as high as $25.74 and last traded at $25.70, with a volume of 87066 shares traded. The stock had previously closed at $25.49.

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

The business has a 50 day simple moving average of $24.21 and a 200-day simple moving average of $22.60.

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

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter worth about $27,000. Horizon Investments LLC bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at approximately $35,000. Silver Grove Financial Group Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at approximately $53,000. Sunbelt Securities Inc. increased its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock worth $66,000 after purchasing an additional 573 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth approximately $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.