iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – Time to Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw an uptick in trading volume on Wednesday . 175,201 shares traded hands during trading, an increase of 23% from the previous session’s volume of 142,294 shares.The stock last traded at $26.47 and had previously closed at $26.52.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.1 %

The company’s fifty day moving average price is $25.82 and its two-hundred day moving average price is $26.08. The company has a market cap of $715.64 million, a price-to-earnings ratio of -12.80 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.2401 per share. The ex-dividend date was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s payout ratio is -59.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of COMT. Aptus Capital Advisors LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter valued at approximately $86,000. Sanctuary Advisors LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth about $220,000. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock valued at $297,000 after acquiring an additional 2,500 shares during the period. Creative Planning raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 22.8% during the third quarter. Creative Planning now owns 12,675 shares of the company’s stock worth $328,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Prosperity Planning Inc. increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.0% in the third quarter. Prosperity Planning Inc. now owns 19,850 shares of the company’s stock worth $514,000 after buying an additional 944 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.