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

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMTGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $36.65 and last traded at $36.57, with a volume of 357199 shares traded. The stock had previously closed at $35.90.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The stock has a market cap of $1.16 billion, a P/E ratio of -17.44 and a beta of 0.10. The business has a 50 day simple moving average of $33.69 and a 200-day simple moving average of $29.06.

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

Several institutional investors have recently added to or reduced their stakes in COMT. Northwestern Mutual Wealth Management Co. increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5,659.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,606,153 shares of the company’s stock worth $114,670,000 after buying an additional 4,526,175 shares during the last quarter. Assetmark Inc. boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% in the first quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock valued at $86,507,000 after acquiring an additional 2,330,619 shares during the last quarter. TRUE Private Wealth Advisors grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.9% during the 3rd quarter. TRUE Private Wealth Advisors now owns 672,791 shares of the company’s stock valued at $18,064,000 after acquiring an additional 25,153 shares during the period. Vontobel Holding Ltd. grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 186.1% during the 4th quarter. Vontobel Holding Ltd. now owns 601,900 shares of the company’s stock valued at $14,984,000 after acquiring an additional 391,500 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter worth approximately $11,722,000. Institutional investors own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

(Get Free Report)

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.

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