iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Hits New 1-Year High – Should You Buy?

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $63.88 and last traded at $63.85, with a volume of 57214 shares traded. The stock had previously closed at $63.56.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

The company has a 50 day moving average of $59.24 and a 200 day moving average of $58.89.

Institutional Investors Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Noble Wealth Partners LLC acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 2nd quarter worth about $286,000. TD Waterhouse Canada Inc. boosted its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 27.2% in the second quarter. TD Waterhouse Canada Inc. now owns 1,433,635 shares of the company’s stock valued at $78,851,000 after buying an additional 306,155 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the second quarter worth about $22,486,000. Bank of America Corp DE grew its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 6.8% during the first quarter. Bank of America Corp DE now owns 161,818 shares of the company’s stock worth $9,615,000 after buying an additional 10,354 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 20,127 shares of the company’s stock worth $1,196,000 after buying an additional 564 shares in the last quarter.

About iShares Bloomberg Roll Select Commodity Strategy ETF

The iShares Bloomberg Roll Select Broad Commodity ETF (CMDY) is an exchange-traded fund that is based on the Bloomberg Roll Select Commodity index. The fund tracks an index that holds futures contracts on a roll-cost optimized broad market commodity index. CMDY was launched on Apr 3, 2018 and is managed by Blackrock.