iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 52-Week High – Time to Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMTGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.10 and last traded at $38.1460, with a volume of 42218 shares changing hands. The stock had previously closed at $37.58.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The stock has a 50-day simple moving average of $34.09 and a two-hundred day simple moving average of $33.43. The firm has a market cap of $1.41 billion, a PE ratio of -18.18 and a beta of 0.09.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kingdom Financial Group LLC. bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth approximately $30,000. Tucker Asset Management LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at $31,000. Principia Wealth Advisory LLC lifted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% during the 4th quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock valued at $60,000 after buying an additional 2,003 shares during the period. Centaurus Financial Inc. purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter worth $103,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $122,000. 1.80% of the stock is owned by hedge funds and other institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

(Get Free Report)

The iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is an exchange-traded fund that is based on the S&P GSCI Dynamic Roll index. The fund tracks a broad-market commodity index that utilizes a flexible dynamic roll strategy. COMT was launched on Oct 16, 2014 and is managed by BlackRock.

Further Reading

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