iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Stock Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.15 and traded as low as $49.10. iShares Bloomberg Roll Select Commodity Strategy ETF shares last traded at $49.26, with a volume of 10,908 shares.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

The stock has a 50 day moving average price of $49.45 and a two-hundred day moving average price of $49.15.

Hedge Funds Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alaska Permanent Capital Management grew its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 1.5% in the third quarter. Alaska Permanent Capital Management now owns 768,817 shares of the company’s stock worth $38,342,000 after acquiring an additional 11,445 shares in the last quarter. Alaska Wealth Advisors boosted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 52.0% in the third quarter. Alaska Wealth Advisors now owns 356,404 shares of the company’s stock worth $17,769,000 after purchasing an additional 121,924 shares in the last quarter. Envestnet Asset Management Inc. increased its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 13.3% during the second quarter. Envestnet Asset Management Inc. now owns 287,674 shares of the company’s stock worth $14,207,000 after buying an additional 33,879 shares during the last quarter. Principal Securities Inc. raised its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 7.6% during the third quarter. Principal Securities Inc. now owns 211,557 shares of the company’s stock valued at $10,548,000 after buying an additional 14,990 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 154.0% in the first quarter. Jane Street Group LLC now owns 97,045 shares of the company’s stock worth $4,653,000 after buying an additional 58,843 shares during the last quarter.

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.