abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sets New 12-Month High – Should You Buy?

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) hit 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. The stock had previously closed at $22.65.

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

The firm has a 50-day moving average of $21.07 and a 200 day moving average of $21.63.

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

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

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

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