iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Reaches New 12-Month High – What’s Next?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.83 and last traded at $34.70, with a volume of 763972 shares changing hands. The stock had previously closed at $33.34.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The business has a 50-day moving average price of $29.81 and a 200 day moving average price of $27.55. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -16.76 and a beta of 0.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COMT. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5,659.3% during 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 in the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 14,612.1% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,111,648 shares of the company’s stock worth $29,848,000 after buying an additional 1,104,092 shares in the last quarter. TRUE Private Wealth Advisors lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.9% during the 3rd quarter. TRUE Private Wealth Advisors now owns 672,791 shares of the company’s stock worth $18,064,000 after buying an additional 25,153 shares during the period. Vontobel Holding Ltd. lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 186.1% during the 4th quarter. Vontobel Holding Ltd. now owns 601,900 shares of the company’s stock worth $14,984,000 after buying an additional 391,500 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at $11,722,000. 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.