iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Sets New 1-Year High – Still a Buy?

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $63.22 and last traded at $63.22, with a volume of 1989 shares. The stock had previously closed at $61.26.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Up 0.7%

The business has a 50 day moving average price of $59.09 and a two-hundred day moving average price of $54.94.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 682.3% during the 3rd quarter. CWM LLC now owns 485 shares of the company’s stock worth $26,000 after purchasing an additional 423 shares during the period. Kestra Advisory Services LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter worth about $49,000. Advisors Preferred LLC purchased a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the first quarter valued at approximately $163,000. Finally, Advisory Services Network LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the 3rd quarter worth approximately $157,000.

About iShares Bloomberg Roll Select Commodity Strategy ETF

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.