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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $25.63 and last traded at $25.52, with a volume of 1130937 shares. The stock had previously closed at $25.22.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Down 2.2%

The stock has a 50 day simple moving average of $23.78 and a 200-day simple moving average of $22.45.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial & Tax Architects LLC bought a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter valued at approximately $20,663,000. Leavell Investment Management Inc. boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 15.7% during the third quarter. Leavell Investment Management Inc. now owns 265,878 shares of the company’s stock worth $5,727,000 after acquiring an additional 36,017 shares during the last quarter. Compass Financial Group Inc. purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter valued at $1,891,000. Bayban bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at $104,000. Finally, Silver Grove Financial Group Inc. purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth $53,000.

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.