abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Reaches New 1-Year 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 trading on Tuesday . The company traded as high as $25.74 and last traded at $25.70, with a volume of 87066 shares changing hands. The stock had previously closed at $25.49.

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

The firm’s 50-day moving average is $23.99 and its 200-day moving average is $22.52.

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

A number of institutional investors and hedge funds have recently made changes to their positions in BCI. EverSource Wealth Advisors LLC acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter valued at about $27,000. Horizon Investments LLC purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter worth approximately $35,000. Silver Grove Financial Group Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the fourth quarter valued at approximately $53,000. Sunbelt Securities Inc. boosted its position in shares of 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 valued at $66,000 after buying an additional 573 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the second quarter valued at approximately $98,000.

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