abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) Stock Passes Above 200 Day Moving Average – Here’s Why

abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (NYSEARCA:BCD) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.20 and traded as high as $32.35. abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF shares last traded at $32.27, with a volume of 13,307 shares trading hands.

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

The stock’s 50 day simple moving average is $32.42 and its 200-day simple moving average is $32.20.

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

Hedge funds have recently bought and sold shares of the business. Great Lakes Advisors LLC grew its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 18.7% during the second quarter. Great Lakes Advisors LLC now owns 1,484,444 shares of the company’s stock valued at $48,126,000 after purchasing an additional 234,160 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 3rd quarter valued at $535,000. Flow Traders U.S. LLC bought a new position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF in the 3rd quarter worth $250,000. Certified Advisory Corp lifted its position in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 41.7% during the 2nd quarter. Certified Advisory Corp now owns 13,386 shares of the company’s stock worth $434,000 after acquiring an additional 3,937 shares during the last quarter. Finally, American National Bank boosted its holdings in abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF by 105.9% during the second quarter. American National Bank now owns 2,954 shares of the company’s stock valued at $96,000 after acquiring an additional 1,519 shares during the period.

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

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).