iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.95 and last traded at $36.8560, with a volume of 11171 shares traded. The stock had previously closed at $36.52.
iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance
The company has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $33.00. The stock has a market capitalization of $1.35 billion, a P/E ratio of -17.90 and a beta of 0.09.
Hedge Funds Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 13.6% in the 1st quarter. Royal Bank of Canada now owns 18,112 shares of the company’s stock valued at $480,000 after buying an additional 2,171 shares in the last quarter. Jane Street Group LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.2% during the 1st quarter. Jane Street Group LLC now owns 137,798 shares of the company’s stock valued at $3,648,000 after buying an additional 4,304 shares in the last quarter. Creative Planning purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth about $323,000. Baird Financial Group Inc. grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.9% during the second quarter. Baird Financial Group Inc. now owns 53,265 shares of the company’s stock valued at $1,377,000 after acquiring an additional 3,424 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 30.8% in the 2nd quarter. Cerity Partners LLC now owns 51,156 shares of the company’s stock worth $1,322,000 after purchasing an additional 12,053 shares in the last quarter. Institutional investors own 1.80% of the company’s stock.
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.
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