iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Gap Up – Here’s What Happened

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $30.17, but opened at $31.23. iShares GSCI Commodity Dynamic Roll Strategy ETF shares last traded at $31.27, with a volume of 100,798 shares.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The business’s fifty day moving average is $26.81 and its 200-day moving average is $26.65. The firm has a market cap of $793.30 million, a P/E ratio of -15.21 and a beta of 0.23.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $1.9271 dividend. This represents a yield of 795.0%. The ex-dividend date was Tuesday, December 16th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio is -59.90%.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 13.6% during the 1st quarter. Royal Bank of Canada now owns 18,112 shares of the company’s stock worth $480,000 after buying an additional 2,171 shares during the period. Jane Street Group LLC increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.2% in the first quarter. Jane Street Group LLC now owns 137,798 shares of the company’s stock valued at $3,648,000 after buying an additional 4,304 shares during the period. Assetmark Inc. raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 69.9% during the second quarter. Assetmark Inc. now owns 18,944 shares of the company’s stock worth $490,000 after acquiring an additional 7,794 shares during the last quarter. AE Wealth Management LLC raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.5% during the second quarter. AE Wealth Management LLC now owns 12,936 shares of the company’s stock worth $334,000 after acquiring an additional 1,925 shares during the last quarter. Finally, Wealth Alliance LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth approximately $2,561,000. Institutional investors own 1.80% of the company’s stock.

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.