iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Hits New 12-Month High – Still a Buy?

by · The Markets Daily

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.63 and last traded at $64.50, with a volume of 79812 shares changing hands. The stock had previously closed at $63.96.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Up 0.8%

The firm’s 50-day moving average price is $59.77 and its 200-day moving average price is $59.14.

Institutional Investors Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter worth approximately $26,000. Advisors Preferred LLC bought a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the 1st quarter valued at about $163,000. Advisory Services Network LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the 3rd quarter worth about $157,000. Manning & Napier Advisors LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter worth about $162,000. Finally, Seaside Wealth Management Inc. lifted its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 12.5% in the fourth quarter. Seaside Wealth Management Inc. now owns 4,813 shares of the company’s stock worth $235,000 after purchasing an additional 535 shares during the last quarter.

iShares Bloomberg Roll Select Commodity Strategy ETF Company Profile

(Get Free Report)

The iShares Bloomberg Roll Select Broad Commodity ETF (CMDY) is an exchange-traded fund that is based on the Bloomberg Roll Select Commodity index. The fund tracks an index that holds futures contracts on a roll-cost optimized broad market commodity index. CMDY was launched on Apr 3, 2018 and is managed by Blackrock.

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