iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 1-Year High – Here’s Why

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) hit a new 52-week high during trading on Saturday . The stock traded as high as $34.10 and last traded at $33.88, with a volume of 7110334 shares. The stock had previously closed at $32.94.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 2.9%

The stock has a 50 day moving average price of $29.01 and a two-hundred day moving average price of $27.29. The company has a market cap of $853.78 million, a P/E ratio of -16.37 and a beta of 0.23.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kingdom Financial Group LLC. bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $30,000. Tucker Asset Management LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at $31,000. Triumph Capital Management bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth $33,000. EFG International AG bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth $45,000. Finally, Principia Wealth Advisory LLC raised its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% in the fourth quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock valued at $60,000 after purchasing an additional 2,003 shares in the last quarter. Institutional investors and hedge funds 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.