abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.14 and traded as high as $20.30. abrdn Bloomberg All Commodity Strategy K-1 Free ETF shares last traded at $20.23, with a volume of 262,595 shares trading hands.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Down 0.8 %

The stock has a fifty day simple moving average of $20.28 and a 200 day simple moving average of $20.14.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the third quarter worth $44,000. Lynx Investment Advisory purchased a new stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the 2nd quarter worth approximately $159,000. Hollencrest Capital Management boosted 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 last quarter. Finally, Leavell Investment Management Inc. increased its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 25.7% in the second quarter. Leavell Investment Management Inc. now owns 117,596 shares of the company’s stock worth $2,391,000 after purchasing an additional 24,040 shares during the last quarter.

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.