abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sets New 12-Month High – What’s Next?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.41 and last traded at $23.36, with a volume of 395542 shares. The stock had previously closed at $22.65.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Price Performance

The stock has a fifty day simple moving average of $21.06 and a two-hundred day simple moving average of $21.60.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $3.2198 per share. This represents a yield of 1,623.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several institutional investors have recently made changes to their positions in BCI. Carter Financial Group INC. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter valued at approximately $984,000. Financial & Tax Architects LLC purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth $20,663,000. MTM Investment Management LLC acquired a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the second quarter valued at $103,000. Leavell Investment Management Inc. increased its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 15.7% in the third quarter. Leavell Investment Management Inc. now owns 265,878 shares of the company’s stock valued at $5,727,000 after buying an additional 36,017 shares in the last quarter. Finally, Winthrop Capital Management LLC acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth $471,000.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

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. BCI was launched on Mar 30, 2017 and is managed by Abrdn.