iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sets New 12-Month High – Time to Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares hit a new 52-week high on Friday. The company traded as high as $38.56 and last traded at $38.5450, with a volume of 44,976 shares changing hands. The stock had previously closed at $38.00.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The company has a 50-day moving average price of $36.11 and a 200-day moving average price of $34.24. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -18.63 and a beta of 0.11.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position 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 acquiring an additional 1,050,824 shares during the last quarter. Assetmark Inc. boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% during the 1st quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock worth $86,507,000 after purchasing an additional 2,330,619 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter worth $19,970,000. Nwam LLC boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.8% during the 1st quarter. Nwam LLC now owns 200,180 shares of the company’s stock worth $6,768,000 after purchasing an additional 3,518 shares during the period. Finally, NewEdge Advisors LLC grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 137.8% during the 2nd quarter. NewEdge Advisors LLC now owns 201,114 shares of the company’s stock worth $6,108,000 after purchasing an additional 116,546 shares during the last quarter. 1.80% of the stock is owned by hedge funds and other institutional investors.

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.