abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sets New 52-Week High – Still a Buy?

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) reached a new 52-week high on Monday . The stock traded as high as $24.77 and last traded at $24.73, with a volume of 62498 shares. The stock had previously closed at $24.67.

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

The firm has a 50 day moving average of $22.48 and a two-hundred day moving average of $22.04.

Institutional Investors Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

Several hedge funds have recently modified their holdings of BCI. Bayban bought a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the fourth quarter worth $104,000. American Trust bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at $100,000. Advisory Services Network LLC boosted its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 19.9% in the 4th quarter. Advisory Services Network LLC now owns 56,576 shares of the company’s stock valued at $1,105,000 after purchasing an additional 9,388 shares during the period. Captrust Financial Advisors grew its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 12.1% in the 4th quarter. Captrust Financial Advisors now owns 49,869 shares of the company’s stock worth $974,000 after purchasing an additional 5,389 shares during the last quarter. Finally, Silver Grove Financial Group Inc. acquired 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.