iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 1-Year High – Here’s Why

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) reached a new 52-week high during trading on Wednesday . The company traded as high as $36.95 and last traded at $36.8560, with a volume of 11171 shares traded. The stock had previously closed at $36.52.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 1.4%

The firm’s 50 day simple moving average is $33.25 and its two-hundred day simple moving average is $33.00. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -17.90 and a beta of 0.09.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $114,670,000 after acquiring an additional 4,526,175 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% during the 1st quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock worth $110,458,000 after buying an additional 1,050,824 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% during the 1st quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock worth $86,507,000 after purchasing an additional 2,330,619 shares during the period. TRUE Private Wealth Advisors boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.9% in the third quarter. TRUE Private Wealth Advisors now owns 672,791 shares of the company’s stock valued at $18,064,000 after acquiring an additional 25,153 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter worth approximately $19,970,000. 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.