iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Reaches New 12-Month High – Should You Buy?

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The firm has a market cap of $739.12 million, a price-to-earnings ratio of -14.17 and a beta of 0.23. The firm has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $26.56.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued 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 (DPR) is currently -59.90%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Kingdom Financial Group LLC. purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $30,000. Tucker Asset Management LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at $31,000. Triumph Capital Management purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter worth $33,000. EFG International AG acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth $45,000. Finally, Principia Wealth Advisory LLC lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% during the fourth quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock valued at $60,000 after purchasing an additional 2,003 shares in the last quarter. 1.80% of the stock is currently owned by hedge funds and other institutional investors.

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.