iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Stock Price Break Above 200 Day Moving Average – Should You Sell?

Shares of iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $59.73 and traded as high as $60.31. iShares Bloomberg Roll Select Commodity Strategy ETF shares last traded at $59.96, with a volume of 30,004 shares trading hands.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

The company has a 50-day moving average price of $63.74 and a 200-day moving average price of $59.73.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new position in iShares Bloomberg Roll Select Commodity Strategy ETF in the first quarter valued at about $163,000. Kestra Advisory Services LLC bought a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the third quarter worth about $277,000. Parallel Advisors LLC boosted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 146.0% during the third quarter. Parallel Advisors LLC now owns 4,789 shares of the company’s stock worth $305,000 after buying an additional 2,842 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 3rd quarter worth about $314,000. Finally, Noble Wealth Partners LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 2nd quarter worth about $286,000.

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.