abrdn Bloomberg All Commodity Strategy K-1 Free ETF $BCI Stake Lowered by iA Global Asset Management Inc.

iA Global Asset Management Inc. cut its stake in abrdn Bloomberg All Commodity Strategy K-1 Free ETF (NYSEARCA:BCI) by 49.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,948 shares of the company’s stock after selling 496,688 shares during the quarter. iA Global Asset Management Inc. owned approximately 0.52% of abrdn Bloomberg All Commodity Strategy K-1 Free ETF worth $12,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Financial & Tax Architects LLC raised its holdings in shares of abrdn Bloomberg All Commodity Strategy K-1 Free ETF by 6.2% during the first quarter. Financial & Tax Architects LLC now owns 942,286 shares of the company’s stock worth $22,888,000 after acquiring an additional 55,071 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the first quarter valued at about $2,993,000. SG Americas Securities LLC purchased a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the first quarter valued at about $615,000. Bayban acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth about $104,000. Finally, American Trust acquired a new position in abrdn Bloomberg All Commodity Strategy K-1 Free ETF in the 4th quarter worth about $100,000.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF Stock Up 0.9%

BCI opened at $22.34 on Wednesday. abrdn Bloomberg All Commodity Strategy K-1 Free ETF has a fifty-two week low of $19.47 and a fifty-two week high of $25.97. The business has a 50-day moving average of $24.23 and a 200-day moving average of $22.93.

abrdn Bloomberg All Commodity Strategy K-1 Free ETF 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.