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 hit a new 52-week high during trading on Monday . The company traded as high as $29.16 and last traded at $29.0650, with a volume of 111653 shares changing hands. The stock had previously closed at $28.07.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 2.7%

The stock has a fifty day moving average of $26.32 and a 200-day moving average of $26.51. The firm has a market capitalization of $726.11 million, a P/E ratio of -13.92 and a beta of 0.23.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.0% in the fourth quarter. CoreCap Advisors LLC now owns 10,666 shares of the company’s stock valued at $266,000 after purchasing an additional 409 shares in the last quarter. Security Financial Services INC. increased its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.9% in the third quarter. Security Financial Services INC. now owns 8,313 shares of the company’s stock valued at $223,000 after acquiring an additional 536 shares during the last quarter. Prosperity Planning Inc. raised its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.6% during the third quarter. Prosperity Planning Inc. now owns 22,662 shares of the company’s stock worth $608,000 after acquiring an additional 577 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,720 shares of the company’s stock valued at $292,000 after purchasing an additional 591 shares during the last quarter. Finally, Assetmark Inc. grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% in the third quarter. Assetmark Inc. now owns 19,670 shares of the company’s stock valued at $528,000 after purchasing an additional 726 shares in the last quarter. 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.