iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sets New 12-Month 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 $33.18 and last traded at $32.78, with a volume of 447201 shares trading hands. The stock had previously closed at $31.49.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 1.6%

The firm has a market cap of $788.26 million, a P/E ratio of -15.11 and a beta of 0.23. The stock’s fifty day moving average is $27.05 and its two-hundred day moving average is $26.72.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 19th. Stockholders 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 is presently -59.90%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in COMT. Kingdom Financial Group LLC. purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $30,000. Triumph Capital Management bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter worth about $33,000. Tucker Asset Management LLC purchased 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 purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $45,000. Finally, Advisory Services Network LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter valued at about $63,000. Hedge funds and other 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.