iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Reaches New 12-Month High – Should You Buy?

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 1.9%

The firm’s 50-day moving average price is $32.40 and its 200 day moving average price is $28.50. The firm has a market cap of $1.17 billion, a P/E ratio of -17.56 and a beta of 0.10.

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

Institutional investors have recently modified their holdings of the company. Kingdom Financial Group LLC. bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $30,000. Tucker Asset Management LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $31,000. Triumph Capital Management bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the third quarter worth about $33,000. EFG International AG bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $45,000. Finally, Principia Wealth Advisory LLC lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% in the fourth 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. 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.