iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Reaches New 52-Week High – Time to Buy?

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $62.65 and last traded at $62.57, with a volume of 23062 shares. The stock had previously closed at $61.99.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Up 1.2%

The company’s fifty day simple moving average is $58.30 and its two-hundred day simple moving average is $54.65.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 16.0% in the third quarter. Envestnet Asset Management Inc. now owns 405,624 shares of the company’s stock valued at $21,336,000 after acquiring an additional 55,861 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 382,671 shares of the company’s stock worth $20,131,000 after purchasing an additional 29,583 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 8.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 315,113 shares of the company’s stock valued at $15,337,000 after purchasing an additional 25,573 shares during the period. Principal Securities Inc. grew its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 6.9% during the 4th quarter. Principal Securities Inc. now owns 287,546 shares of the company’s stock worth $14,018,000 after purchasing an additional 18,640 shares in the last quarter. Finally, Disciplina Capital Management LLC grew its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 21.6% during the 4th quarter. Disciplina Capital Management LLC now owns 194,906 shares of the company’s stock worth $9,502,000 after purchasing an additional 34,556 shares in the last quarter.

iShares Bloomberg Roll Select Commodity Strategy ETF Company Profile

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.