iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 1-Year High – Still a Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $33.18 and last traded at $32.78, with a volume of 447201 shares trading hands. The stock had previously closed at $31.49.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 4.1%

The business’s 50 day simple moving average is $26.81 and its 200 day simple moving average is $26.65. The firm has a market capitalization of $826.31 million, a PE ratio of -15.84 and a beta of 0.23.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $1.9271 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 795.0%. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio (DPR) is currently -59.90%.

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

Institutional investors have recently modified their holdings of the stock. Kingdom Financial Group LLC. bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at approximately $30,000. Tucker Asset Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at $31,000. Triumph Capital Management purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at $33,000. EFG International AG bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth about $45,000. Finally, Principia Wealth Advisory LLC boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% during the 4th quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock worth $60,000 after purchasing an additional 2,003 shares during the period. 1.80% of the stock is owned by 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.