abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Trading 0.5% Higher – Should You Buy?

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) shares were up 0.5% on Wednesday . The stock traded as high as $34.30 and last traded at $34.27. Approximately 91,777 shares were traded during trading, an increase of 52% from the average daily volume of 60,237 shares. The stock had previously closed at $34.11.

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF Price Performance

The stock’s fifty day simple moving average is $33.47 and its 200-day simple moving average is $32.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Columbia River Financial Group LLC purchased a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the fourth quarter worth $4,109,000. Flow Traders U.S. LLC acquired a new stake in shares of abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the third quarter valued at $250,000. JPMorgan Chase & Co. purchased a new stake in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF during the 3rd quarter worth about $44,000. Mengis Capital Management Inc. increased its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 3.7% during the 4th quarter. Mengis Capital Management Inc. now owns 34,966 shares of the company’s stock worth $1,095,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 4th quarter valued at about $31,000.

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

The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) is an exchange-traded fund that mostly invests in broad market commodities. The abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total Return (the Index).