iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sets New 1-Year High – Time to Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $36.51 and last traded at $36.35, with a volume of 1004720 shares traded. The stock had previously closed at $35.67.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 4.0%

The stock has a market cap of $1.11 billion, a PE ratio of -16.71 and a beta of 0.10. The business has a 50-day moving average price of $32.71 and a 200 day moving average price of $28.62.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingdom Financial Group LLC. bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $30,000. Triumph Capital Management bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter worth approximately $33,000. Tucker Asset Management LLC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at approximately $31,000. EFG International AG bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at $45,000. Finally, Advisory Services Network LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter valued at $63,000. Institutional investors 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.