iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sets New 12-Month High – Here’s Why

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) hit a new 52-week high on Wednesday . The stock traded as high as $35.95 and last traded at $35.95, with a volume of 4461 shares traded. The stock had previously closed at $35.11.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 0.6%

The firm has a market capitalization of $1.12 billion, a P/E ratio of -17.46 and a beta of 0.08. The firm has a 50-day moving average of $32.40 and a two-hundred day moving average of $28.47.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of COMT. CoreCap Advisors LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.0% in the fourth quarter. CoreCap Advisors LLC now owns 10,666 shares of the company’s stock valued at $266,000 after purchasing an additional 409 shares during the last quarter. Commonwealth Equity Services LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,720 shares of the company’s stock valued at $292,000 after purchasing an additional 591 shares during the last quarter. Assetmark Inc. raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% in the third quarter. Assetmark Inc. now owns 19,670 shares of the company’s stock valued at $528,000 after purchasing an additional 726 shares during the last quarter. Farther Finance Advisors LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 39.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,627 shares of the company’s stock valued at $65,000 after purchasing an additional 744 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 35,187 shares of the company’s stock valued at $876,000 after purchasing an additional 817 shares during the last quarter. 1.80% of the stock is currently owned by 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.