iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Reaches New 1-Year High – Should You Buy?

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 2.7%

The business’s fifty day moving average is $33.91 and its 200-day moving average is $29.19. The stock has a market capitalization of $1.14 billion, a PE ratio of -17.16 and a beta of 0.10.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5,659.3% in the fourth 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 period. Bank of America Corp DE grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% in the first quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock valued at $110,458,000 after purchasing an additional 1,050,824 shares during the period. Assetmark Inc. grew its holdings 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 purchasing an additional 2,330,619 shares during the period. TRUE Private Wealth Advisors grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.9% in the third quarter. TRUE Private Wealth Advisors now owns 672,791 shares of the company’s stock valued at $18,064,000 after purchasing an additional 25,153 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 186.1% in 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 during the period. 1.80% of the stock is currently 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.