iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) by 22.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,407 shares of the company’s stock after selling 47,918 shares during the period. Envestnet Asset Management Inc. owned about 0.58% of iShares GSCI Commodity Dynamic Roll Strategy ETF worth $4,349,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 17,924 shares of the company’s stock worth $505,000 after purchasing an additional 418 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.6% in the second quarter. Raymond James & Associates now owns 96,721 shares of the company’s stock worth $2,513,000 after buying an additional 531 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 157.3% in the first quarter. PNC Financial Services Group Inc. now owns 898 shares of the company’s stock worth $36,000 after buying an additional 549 shares during the period. United Capital Financial Advisers LLC boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 7.5% in the fourth quarter. United Capital Financial Advisers LLC now owns 9,699 shares of the company’s stock worth $273,000 after buying an additional 679 shares during the period. Finally, Prosperity Planning Inc. boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.6% in the second quarter. Prosperity Planning Inc. now owns 16,999 shares of the company’s stock worth $442,000 after buying an additional 747 shares during the period. Institutional investors and hedge funds own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

Shares of COMT opened at $27.57 on Tuesday. iShares GSCI Commodity Dynamic Roll Strategy ETF has a one year low of $24.98 and a one year high of $38.41. The company has a 50-day moving average of $28.52 and a two-hundred day moving average of $27.52. The stock has a market cap of $785.75 million, a price-to-earnings ratio of -13.32 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF 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.