iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Reaches New 52-Week High – Here’s What Happened

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) hit a new 52-week high during trading on Tuesday . The company traded as high as $38.10 and last traded at $38.1460, with a volume of 42218 shares trading hands. The stock had previously closed at $37.58.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The business’s 50-day moving average is $33.83 and its two-hundred day moving average is $33.28. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -18.50 and a beta of 0.09.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter valued at $516,000. One Capital Management LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth about $633,000. Integrated Wealth Concepts LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth about $19,970,000. NewEdge Advisors LLC grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 137.8% in the second quarter. NewEdge Advisors LLC now owns 201,114 shares of the company’s stock valued at $6,108,000 after acquiring an additional 116,546 shares during the period. Finally, IFP Advisors Inc acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at about $1,269,000. 1.80% of the stock is owned by institutional investors.

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.