iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Trading 2.3% Higher – Time to Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) traded up 2.3% on Tuesday . The stock traded as high as $29.88 and last traded at $29.7450. 81,067 shares traded hands during trading, a decline of 70% from the average session volume of 266,203 shares. The stock had previously closed at $29.08.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 1.4%

The firm’s 50 day moving average is $26.40 and its two-hundred day moving average is $26.53. The company has a market cap of $743.40 million, a P/E ratio of -14.25 and a beta of 0.23.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $1.9271 dividend. This represents a dividend yield of 795.0%. The ex-dividend date was Tuesday, December 16th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio (DPR) is currently -59.90%.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of COMT. Nolet Wealth Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at $325,000. Sunbelt Securities Inc. boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.9% in the 4th quarter. Sunbelt Securities Inc. now owns 146,459 shares of the company’s stock worth $3,646,000 after buying an additional 4,183 shares during the period. Note Advisors LLC boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.4% in the fourth quarter. Note Advisors LLC now owns 77,232 shares of the company’s stock worth $2,034,000 after acquiring an additional 4,615 shares during the period. SkyView Investment Advisors LLC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at about $11,722,000. Finally, Crusonia Wealth Advisors LLC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter valued at approximately $1,024,000. 1.80% of the stock is owned by hedge funds and other institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

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.