iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Declares Annual Dividend of $1.93

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) announced an annual dividend on Monday, December 15th. Shareholders of record on Tuesday, December 16th will be paid a dividend of 1.9271 per share on Friday, December 19th. This represents a dividend yield of 727.0%. The ex-dividend date is Tuesday, December 16th.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of COMT stock opened at $26.50 on Tuesday. The firm has a fifty day moving average of $26.79 and a 200-day moving average of $26.54. The stock has a market cap of $628.05 million, a price-to-earnings ratio of -12.80 and a beta of 0.23. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $23.11 and a 52-week high of $27.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COMT. Sunbelt Securities Inc. grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 142,276 shares of the company’s stock valued at $3,820,000 after purchasing an additional 8,428 shares during the period. Advisory Services Network LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter worth approximately $63,000. Tcfg Wealth Management LLC boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2,367.0% in the 3rd quarter. Tcfg Wealth Management LLC now owns 201,456 shares of the company’s stock valued at $5,409,000 after buying an additional 193,290 shares in the last quarter. Hancock Whitney Corp grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 132.0% in the third quarter. Hancock Whitney Corp now owns 109,058 shares of the company’s stock valued at $2,928,000 after acquiring an additional 62,045 shares during the period. Finally, NewEdge Advisors LLC raised its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% during the third quarter. NewEdge Advisors LLC now owns 116,933 shares of the company’s stock worth $3,140,000 after acquiring an additional 1,414 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.