abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Stock Price Up 0.4% – Time to Buy?

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD)’s stock price shot up 0.4% during mid-day trading on Monday . The company traded as high as $36.49 and last traded at $36.33. 53,686 shares were traded during mid-day trading, a decline of 27% from the average session volume of 73,867 shares. The stock had previously closed at $36.19.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Up 0.4%

The stock’s fifty day simple moving average is $36.83 and its 200-day simple moving average is $35.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC boosted its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 787.3% in the third quarter. Flow Traders U.S. LLC now owns 75,522 shares of the company’s stock worth $2,595,000 after acquiring an additional 67,011 shares during the last quarter. American National Bank & Trust boosted its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 26.3% in the fourth quarter. American National Bank & Trust now owns 170,356 shares of the company’s stock worth $5,274,000 after acquiring an additional 35,513 shares during the last quarter. Madison Asset Management LLC boosted its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 111.2% in the first quarter. Madison Asset Management LLC now owns 45,724 shares of the company’s stock worth $1,636,000 after acquiring an additional 24,078 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the first quarter worth approximately $213,000. Finally, Columbia River Financial Group LLC boosted its position 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 worth $4,613,000 after acquiring an additional 5,081 shares during the last quarter.

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

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.