iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – Here’s Why

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw strong trading volume on Wednesday . 175,201 shares changed hands during mid-day 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 firm has a market capitalization of $713.34 million, a PE ratio of -12.76 and a beta of 0.53. The firm’s 50-day simple moving average is $25.85 and its 200-day simple moving average is $26.09.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders 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 currently -59.90%.

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

A number of large investors have recently added to or reduced their stakes in COMT. Axiom Advisory LLC boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% during the third quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock worth $144,969,000 after purchasing an additional 564,318 shares during the period. Truist Financial Corp purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth approximately $68,420,000. Evolution Wealth Advisors LLC grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 43.9% in the 4th quarter. Evolution Wealth Advisors LLC now owns 335,884 shares of the company’s stock worth $8,501,000 after buying an additional 102,473 shares during the last quarter. Carrera Capital Advisors raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 30.1% during the third quarter. Carrera Capital Advisors now owns 309,084 shares of the company’s stock valued at $8,008,000 after acquiring an additional 71,432 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 253,253 shares of the company’s stock worth $6,562,000 after acquiring an additional 37,150 shares during the period. 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.