abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Reaches New 52-Week High – Still a Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) hit a new 52-week high during trading on Friday . The company traded as high as $22.80 and last traded at $22.7950, with a volume of 177387 shares changing hands. The stock had previously closed at $22.46.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Trading Up 1.6%

The firm has a 50-day simple moving average of $21.97 and a two-hundred day simple moving average of $21.29.

Institutional Trading of abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of institutional investors have recently bought and sold shares of BCI. Farther Finance Advisors LLC increased its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 98.0% during the second quarter. Farther Finance Advisors LLC now owns 1,742 shares of the company’s stock worth $36,000 after purchasing an additional 862 shares during the period. Sunbelt Securities Inc. grew its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 23.0% during the third quarter. Sunbelt Securities Inc. now owns 3,066 shares of the company’s stock worth $66,000 after buying an additional 573 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 20.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,432 shares of the company’s stock worth $92,000 after buying an additional 738 shares in the last quarter. BNP Paribas Financial Markets bought a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth $98,000. Finally, MTM Investment Management LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 2nd quarter valued at $103,000.

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

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.