Wealth Enhancement Advisory Services LLC Increases Stake in Neuberger Berman Commodity Strategy ETF $NBCM

Wealth Enhancement Advisory Services LLC grew its stake in shares of Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,538,444 shares of the company’s stock after purchasing an additional 207,143 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.39% of Neuberger Berman Commodity Strategy ETF worth $108,287,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NBCM. IAG Wealth Partners LLC boosted its position in Neuberger Berman Commodity Strategy ETF by 4.4% during the 2nd quarter. IAG Wealth Partners LLC now owns 124,493 shares of the company’s stock valued at $2,770,000 after buying an additional 5,220 shares during the period. Osaic Holdings Inc. raised its stake in shares of Neuberger Berman Commodity Strategy ETF by 52,496.1% during the second quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock valued at $597,000 after acquiring an additional 26,773 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of Neuberger Berman Commodity Strategy ETF during the second quarter worth about $43,000.

Neuberger Berman Commodity Strategy ETF Stock Performance

Shares of NYSEARCA:NBCM opened at $23.59 on Monday. Neuberger Berman Commodity Strategy ETF has a 1 year low of $20.39 and a 1 year high of $26.40. The stock’s 50-day moving average is $23.82 and its 200 day moving average is $23.36.

About Neuberger Berman Commodity Strategy ETF

The Neuberger Berman Commodity Strategy ETF (NBCM) is an exchange-traded fund that is based on the Bloomberg Commodity index. The fund is actively managed to provide long and short exposure to the broad commodity market. The fund utilizes a subsidiary to invest in commodity-linked derivative instruments. NBCM was launched on Aug 27, 2012 and is managed by Neuberger Berman.