Mengis Capital Management Inc. Increases Stock Position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF $BCD

Mengis Capital Management Inc. lifted its holdings in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) by 10.5% during the second quarter, HoldingsChannel.com reports. The fund owned 56,721 shares of the company’s stock after purchasing an additional 5,385 shares during the quarter. Mengis Capital Management Inc.’s holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. purchased a new position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the first quarter worth approximately $1,174,000. American National Bank & Trust grew its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 70.1% during the second quarter. American National Bank & Trust now owns 53,963 shares of the company’s stock worth $1,789,000 after acquiring an additional 22,231 shares during the last quarter. Finally, Columbia River Financial Group LLC grew its position in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 5.2% during the first quarter. Columbia River Financial Group LLC now owns 138,000 shares of the company’s stock worth $4,709,000 after acquiring an additional 6,846 shares during the last quarter.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Stock Performance

Shares of BCD opened at $34.69 on Friday. The company’s 50 day simple moving average is $33.63 and its 200-day simple moving average is $33.34. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF has a 12-month low of $30.48 and a 12-month high of $35.24.

About abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index).