abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) Sees Large Volume Increase – Still a Buy?

Shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) saw unusually-high trading volume on Wednesday . Approximately 1,567,613 shares traded hands during 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 Performance

The business has a 50 day moving average of $20.12 and a two-hundred day moving average of $19.97.

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

Several institutional investors have recently bought and sold shares of BCI. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 3rd quarter valued at approximately $44,000. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 815 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 2.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 30,213 shares of the company’s stock worth $597,000 after buying an additional 721 shares during the last quarter. Hollencrest Capital Management lifted its stake in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% during the third quarter. Hollencrest Capital Management now owns 30,748 shares of the company’s stock worth $628,000 after buying an additional 3,189 shares during the period. Finally, Leavell Investment Management Inc. grew its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 14.4% during the third quarter. Leavell Investment Management Inc. now owns 134,584 shares of the company’s stock valued at $2,751,000 after buying an additional 16,988 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.