iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – What’s Next?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw strong trading volume on Monday . 150,143 shares traded hands during trading, an increase of 28% from the previous session’s volume of 117,260 shares.The stock last traded at $25.69 and had previously closed at $25.54.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The stock has a market cap of $685.01 million, a price-to-earnings ratio of -12.35 and a beta of 0.53. The company’s 50 day simple moving average is $25.78 and its two-hundred day simple moving average is $26.16.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $1.2401 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio (DPR) is presently -59.90%.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Institutional investors have recently bought and sold shares of the company. Truist Financial Corp purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter worth about $68,420,000. Envestnet Asset Management Inc. increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% in the second quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock worth $26,441,000 after buying an additional 870,930 shares during the last quarter. Axiom Advisory LLC increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% in the third quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock worth $144,969,000 after buying an additional 564,318 shares during the last quarter. Carrera Capital Advisors bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter valued at approximately $6,490,000. Finally, NewEdge Advisors LLC lifted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 41,857.1% in the second quarter. NewEdge Advisors LLC now owns 202,653 shares of the company’s stock valued at $5,534,000 after acquiring an additional 202,170 shares during 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.