iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 52-Week High – What’s Next?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.10 and last traded at $38.1460, with a volume of 42218 shares changing hands. The stock had previously closed at $37.58.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The firm’s 50-day moving average is $33.83 and its two-hundred day moving average is $33.28. The stock has a market cap of $1.43 billion, a P/E ratio of -18.50 and a beta of 0.09.

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

Several large investors have recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% in the 1st 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. Bank of America Corp DE grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% during the first quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock worth $110,458,000 after purchasing an additional 1,050,824 shares during the period. Integrated Wealth Concepts LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at about $19,970,000. Royal Bank of Canada increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 341.0% in the first quarter. Royal Bank of Canada now owns 164,280 shares of the company’s stock valued at $5,555,000 after purchasing an additional 127,026 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 137.8% in the second quarter. NewEdge Advisors LLC now owns 201,114 shares of the company’s stock valued at $6,108,000 after buying an additional 116,546 shares during the period. Institutional investors and hedge funds own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company 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.