Northwestern Mutual Wealth Management Co. increased its holdings in Neuberger Berman Commodity Strategy ETF (NYSEARCA:NBCM – Free Report) by 68.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064,944 shares of the company’s stock after purchasing an additional 433,290 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 8.04% of Neuberger Berman Commodity Strategy ETF worth $24,094,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Neuberger Berman Commodity Strategy ETF by 7.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,878,745 shares of the company’s stock worth $113,531,000 after purchasing an additional 340,301 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Neuberger Berman Commodity Strategy ETF by 125.0% in the 3rd quarter. Private Advisor Group LLC now owns 163,044 shares of the company’s stock worth $3,836,000 after purchasing an additional 90,573 shares in the last quarter. IAG Wealth Partners LLC raised its holdings in shares of Neuberger Berman Commodity Strategy ETF by 10.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 137,575 shares of the company’s stock worth $3,236,000 after purchasing an additional 13,082 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Neuberger Berman Commodity Strategy ETF by 52,496.1% in the 2nd quarter. Osaic Holdings Inc. now owns 26,824 shares of the company’s stock worth $597,000 after purchasing an additional 26,773 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of Neuberger Berman Commodity Strategy ETF in the 4th quarter worth approximately $338,000.
Neuberger Berman Commodity Strategy ETF Stock Performance
NYSEARCA NBCM opened at $29.05 on Monday. The company’s 50 day simple moving average is $28.83 and its 200 day simple moving average is $26.04. Neuberger Berman Commodity Strategy ETF has a 12 month low of $21.55 and a 12 month high of $30.81.
Neuberger Berman Commodity Strategy ETF Profile
The Neuberger Berman Commodity Strategy ETF (NBCM) is an exchange-traded fund that is based on the Bloomberg Commodity index. The fund is actively managed to provide long and short exposure to the broad commodity market. The fund utilizes a subsidiary to invest in commodity-linked derivative instruments. NBCM was launched on Aug 27, 2012 and is managed by Neuberger Berman.
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