iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sets New 52-Week Low – Here’s Why

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) hit a new 52-week low during trading on Friday . The company traded as low as $24.14 and last traded at $24.39, with a volume of 231759 shares trading hands. The stock had previously closed at $25.59.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The stock has a market cap of $623.06 million, a price-to-earnings ratio of -11.85 and a beta of 0.29. The company’s fifty day simple moving average is $26.03 and its two-hundred day simple moving average is $26.05.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. MML Investors Services LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 176,189 shares of the company’s stock valued at $4,565,000 after buying an additional 6,336 shares during the last quarter. Marion Wealth Management bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth $969,000. Pines Wealth Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at about $1,185,000. Alhambra Investment Management LLC lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.8% during the fourth quarter. Alhambra Investment Management LLC now owns 64,779 shares of the company’s stock valued at $1,640,000 after purchasing an additional 492 shares in the last quarter. Finally, Prosperity Planning Inc. boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 10.3% during the fourth quarter. Prosperity Planning Inc. now owns 21,885 shares of the company’s stock worth $554,000 after purchasing an additional 2,035 shares during the last quarter. 1.80% of the stock is owned by hedge funds and other institutional investors.

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.