iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Large Volume Increase – Time to Buy?

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw unusually-strong trading volume on Friday . Approximately 1,066,080 shares traded hands during trading, an increase of 152% from the previous session’s volume of 422,902 shares.The stock last traded at $33.88 and had previously closed at $32.94.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 2.9%

The stock has a market capitalization of $853.78 million, a PE ratio of -16.37 and a beta of 0.23. The stock has a 50 day moving average price of $29.01 and a 200-day moving average price of $27.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5,659.3% during 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 purchasing an additional 4,526,175 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of 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 worth $29,848,000 after buying an additional 1,104,092 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth approximately $11,722,000. Vontobel Holding Ltd. grew 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 buying an additional 391,500 shares during the period. Finally, Assetmark Inc. grew 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 buying an additional 208,335 shares during the period. 1.80% of the stock is owned by hedge funds and other 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.