Baird Financial Group Inc. Invests $1.36 Million in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)

Baird Financial Group Inc. bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 53,578 shares of the company’s stock, valued at approximately $1,356,000. Baird Financial Group Inc. owned 0.20% of iShares GSCI Commodity Dynamic Roll Strategy ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COMT. Tower Research Capital LLC TRC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth about $26,000. WealthTrak Capital Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth about $36,000. Transce3nd LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth about $50,000. Smartleaf Asset Management LLC grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,664.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,323 shares of the company’s stock worth $109,000 after buying an additional 4,078 shares during the period. Finally, GeoWealth Management LLC boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 24.8% in the 4th quarter. GeoWealth Management LLC now owns 5,624 shares of the company’s stock worth $142,000 after purchasing an additional 1,117 shares in the last quarter. 1.80% of the stock is owned by hedge funds and other institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF stock opened at $25.45 on Wednesday. The stock has a market cap of $656.61 million, a price-to-earnings ratio of -12.29 and a beta of 0.53. The firm’s 50-day moving average is $25.16 and its 200 day moving average is $25.69. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1 year low of $23.11 and a 1 year high of $27.99.

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.