NewEdge Advisors LLC Purchases 38,112 Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)

NewEdge Advisors LLC raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) by 22.0% in the fourth quarter, Holdings Channel reports. The firm owned 211,397 shares of the company’s stock after acquiring an additional 38,112 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF were worth $5,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COMT. Leo Wealth LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at approximately $1,682,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,800 shares of the company’s stock valued at $674,000 after purchasing an additional 6,150 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 780,255 shares of the company’s stock valued at $19,748,000 after buying an additional 35,138 shares during the last quarter. WealthTrak Capital Management LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth about $36,000. Finally, Private Advisor Group LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth about $717,000. Institutional investors own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT opened at $25.15 on Friday. The company’s 50-day simple moving average is $25.59 and its two-hundred day simple moving average is $25.91. The stock has a market capitalization of $633.78 million, a P/E ratio of -12.15 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $23.11 and a 52-week high of $27.99.

iShares GSCI Commodity Dynamic Roll Strategy ETF 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.