iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 12-Month High – Still a Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) reached a new 52-week high during trading on Monday . The company traded as high as $36.65 and last traded at $36.57, with a volume of 357199 shares trading hands. The stock had previously closed at $35.90.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 0.6%

The stock has a market capitalization of $1.16 billion, a PE ratio of -17.44 and a beta of 0.10. The stock’s fifty day simple moving average is $33.69 and its 200-day simple moving average is $29.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COMT. Kingdom Financial Group LLC. purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $30,000. Triumph Capital Management purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter worth approximately $33,000. Tucker Asset Management LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth approximately $31,000. EFG International AG bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $45,000. Finally, Advisory Services Network LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at approximately $63,000. 1.80% of the stock is currently owned by hedge funds and other 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.