iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sets New 52-Week High – Time to Buy?

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The business’s 50 day moving average price is $33.54 and its 200 day moving average price is $33.14. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -18.40 and a beta of 0.09.

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

A number of hedge funds have recently made changes to their positions in the company. Legacy Wealth Partners LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter valued at about $1,666,000. Gateway Wealth Partners LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter valued at $1,180,000. Royal Bank of Canada lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 341.0% in the first quarter. Royal Bank of Canada now owns 164,280 shares of the company’s stock valued at $5,555,000 after buying an additional 127,026 shares during the last quarter. DORVAL Corp purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter valued at approximately $676,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $373,000. Institutional investors and hedge funds own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

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.