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

abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 firm’s 50 day moving average is $20.28 and its 200-day moving average is $20.14.

Hedge Funds Weigh In On abrdn Bloomberg All Commodity Strategy K-1 Free ETF

A number of large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF during the third quarter worth $44,000. Lynx Investment Advisory acquired 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 raised its position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 11.6% in the third quarter. Hollencrest Capital Management now owns 30,748 shares of the company’s stock valued at $628,000 after purchasing an additional 3,189 shares during the period. Finally, Leavell Investment Management Inc. raised its holdings in abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 25.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 117,596 shares of the company’s stock valued at $2,391,000 after buying an additional 24,040 shares during the period.

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.