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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $29.16 and last traded at $29.0650, with a volume of 111653 shares. The stock had previously closed at $28.07.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 2.7%

The firm has a market capitalization of $726.11 million, a price-to-earnings ratio of -13.92 and a beta of 0.23. The company’s fifty day moving average is $26.32 and its two-hundred day moving average is $26.51.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.9271 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 795.0%. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio is -59.90%.

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

A number of institutional investors have recently made changes to their positions in the stock. Kingdom Financial Group LLC. acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at about $30,000. Triumph Capital Management bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter valued at about $33,000. Tucker Asset Management LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $31,000. EFG International AG acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at approximately $45,000. Finally, Advisory Services Network LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter worth approximately $63,000. 1.80% of the stock is owned by institutional investors and hedge funds.

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.