abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Hits New 1-Year High – Here’s What Happened

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $23.41 and last traded at $23.36, with a volume of 395542 shares trading hands. The stock had previously closed at $22.65.

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

The stock has a 50 day moving average of $21.06 and a 200 day moving average of $21.60.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $3.2198 dividend. This represents a dividend yield of 1,623.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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

Several hedge funds have recently modified their holdings of the business. iA Global Asset Management Inc. bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter valued at about $19,581,000. Financial & Tax Architects LLC bought a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth $20,663,000. Disciplina Capital Management LLC boosted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 24.9% in the fourth quarter. Disciplina Capital Management LLC now owns 488,815 shares of the company’s stock valued at $9,547,000 after acquiring an additional 97,496 shares during the period. Leavell Investment Management Inc. boosted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 15.7% during the third quarter. Leavell Investment Management Inc. now owns 265,878 shares of the company’s stock valued at $5,727,000 after purchasing an additional 36,017 shares during the period. Finally, Compass Financial Group Inc. purchased a new stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 3rd quarter valued at $1,891,000.

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.