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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCIGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 1,567,613 shares traded hands during mid-day trading, an increase of 212% from the previous session’s volume of 501,823 shares.The stock last traded at $20.72 and had previously closed at $20.68.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Up 0.1 %

The firm has a 50 day moving average price of $20.06 and a 200-day moving average price of $19.95.

Institutional Trading of abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BCI. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth about $44,000. JPMorgan Chase & Co. lifted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 43.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,675 shares of the company’s stock valued at $55,000 after acquiring an additional 815 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 2.4% during the 4th quarter. Bruce G. Allen Investments LLC now owns 30,213 shares of the company’s stock valued at $597,000 after acquiring an additional 721 shares during the period. Hollencrest Capital Management lifted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% during the 3rd quarter. Hollencrest Capital Management now owns 30,748 shares of the company’s stock valued at $628,000 after acquiring an additional 3,189 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 14.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 134,584 shares of the company’s stock valued at $2,751,000 after acquiring an additional 16,988 shares during the period.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Company Profile

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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.

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