abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Strong Trading Volume – Still a Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) shares saw unusually-strong trading volume on Tuesday . Approximately 1,279,586 shares traded hands during mid-day trading, an increase of 150% from the previous session’s volume of 510,959 shares.The stock last traded at $21.03 and had previously closed at $21.25.

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

The firm’s 50 day moving average is $20.47 and its two-hundred day moving average is $20.17.

Hedge Funds Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several institutional investors have recently modified their holdings of BCI. Sunbelt Securities Inc. boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 938.8% during the fourth quarter. Sunbelt Securities Inc. now owns 2,493 shares of the company’s stock worth $49,000 after buying an additional 2,253 shares during the period. Fullerton Fund Management Co Ltd. acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 4th quarter worth $2,193,000. Captrust Financial Advisors boosted its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 5.3% during the 4th quarter. Captrust Financial Advisors now owns 28,501 shares of the company’s stock worth $563,000 after acquiring an additional 1,429 shares during the period. IHT Wealth Management LLC grew its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 10.2% in the fourth quarter. IHT Wealth Management LLC now owns 19,012 shares of the company’s stock worth $375,000 after purchasing an additional 1,753 shares in the last quarter. Finally, Cohen & Steers Inc. increased its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 53.2% during the fourth quarter. Cohen & Steers Inc. now owns 61,743 shares of the company’s stock valued at $1,219,000 after purchasing an additional 21,447 shares during the period.

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.