abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sets New 12-Month High – Here’s Why

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $26.82 and last traded at $26.8140, with a volume of 633659 shares trading hands. The stock had previously closed at $26.44.

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

The company has a 50 day simple moving average of $24.79 and a 200 day simple moving average of $24.22.

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

Institutional investors have recently added to or reduced their stakes in the stock. Financial & Tax Architects LLC lifted its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 6.2% in the 1st quarter. Financial & Tax Architects LLC now owns 942,286 shares of the company’s stock valued at $22,888,000 after purchasing an additional 55,071 shares during the last quarter. Disciplina Capital Management LLC increased its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 24.9% during the fourth quarter. Disciplina Capital Management LLC now owns 488,815 shares of the company’s stock worth $9,547,000 after buying an additional 97,496 shares in the last quarter. S. R. Schill & Associates acquired a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the first quarter worth $6,255,000. Janney Montgomery Scott LLC bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 1st quarter valued at $2,993,000. Finally, SG Americas Securities LLC bought a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 1st quarter valued at $615,000.

About abrdn Bloomberg All Commodity Strategy K-1 Free ETF

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.