abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Stock Price Down 0.4% – Here’s Why

Shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) dropped 0.4% during mid-day trading on Friday . The company traded as low as $38.42 and last traded at $38.65. 34,843 shares were traded during trading, a decline of 47% from the average daily volume of 65,623 shares. The stock had previously closed at $38.79.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Trading Down 0.4%

The business has a fifty day moving average price of $36.51 and a 200 day moving average price of $36.15.

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

Large investors have recently bought and sold shares of the stock. Madison Asset Management LLC raised its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% during the 1st quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock worth $1,636,000 after buying an additional 24,078 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 7.1% in the fourth quarter. Cohen & Steers Inc. now owns 19,375 shares of the company’s stock valued at $600,000 after acquiring an additional 1,290 shares in the last quarter. Columbia River Financial Group LLC boosted its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.5% in the fourth quarter. Columbia River Financial Group LLC now owns 149,005 shares of the company’s stock valued at $4,613,000 after acquiring an additional 5,081 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the second quarter valued at approximately $282,000. Finally, CoreCap Advisors LLC increased its stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 2.1% during the second quarter. CoreCap Advisors LLC now owns 103,163 shares of the company’s stock valued at $3,523,000 after acquiring an additional 2,095 shares during the period.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Company Profile

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index). BCD was launched on Mar 30, 2017 and is managed by Abrdn.