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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.83 and last traded at $34.70, with a volume of 763972 shares traded. The stock had previously closed at $33.34.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The company has a market cap of $1.03 billion, a P/E ratio of -16.76 and a beta of 0.23. The stock has a 50-day moving average of $29.65 and a 200 day moving average of $27.49.

Hedge Funds Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5,659.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,606,153 shares of the company’s stock valued at $114,670,000 after buying an additional 4,526,175 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 14,612.1% in the third quarter. Tradewinds Capital Management LLC now owns 1,111,648 shares of the company’s stock valued at $29,848,000 after acquiring an additional 1,104,092 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $11,722,000. Vontobel Holding Ltd. raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 186.1% during the fourth quarter. Vontobel Holding Ltd. now owns 601,900 shares of the company’s stock valued at $14,984,000 after purchasing an additional 391,500 shares in the last quarter. Finally, Assetmark Inc. raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,059.2% during the fourth quarter. Assetmark Inc. now owns 228,005 shares of the company’s stock valued at $5,676,000 after purchasing an additional 208,335 shares in the last quarter. 1.80% of the stock is owned by institutional investors.

About iShares GSCI Commodity Dynamic Roll Strategy ETF

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.