iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – Still a Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw strong trading volume on Wednesday . 175,201 shares traded hands during trading, an increase of 23% from the previous session’s volume of 142,294 shares.The stock last traded at $26.47 and had previously closed at $26.52.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 0.1 %

The company has a 50-day moving average price of $25.85 and a two-hundred day moving average price of $26.09. The company has a market capitalization of $713.34 million, a PE ratio of -12.76 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Creative Planning increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 22.8% in the 3rd quarter. Creative Planning now owns 12,675 shares of the company’s stock worth $328,000 after acquiring an additional 2,350 shares during the last quarter. Cerity Partners LLC raised its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% in the third quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock valued at $1,627,000 after purchasing an additional 742 shares in the last quarter. International Assets Investment Management LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2,285.4% during the third quarter. International Assets Investment Management LLC now owns 47,493 shares of the company’s stock valued at $1,231,000 after purchasing an additional 45,502 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock worth $297,000 after buying an additional 2,500 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 41,857.1% during the 2nd quarter. NewEdge Advisors LLC now owns 202,653 shares of the company’s stock valued at $5,534,000 after buying an additional 202,170 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.