Pines Wealth Management LLC Acquires New Stake in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)

Pines Wealth Management LLC acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 45,046 shares of the company’s stock, valued at approximately $1,185,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock worth $26,441,000 after purchasing an additional 870,930 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock valued at $297,000 after purchasing an additional 2,500 shares in the last quarter. Hancock Whitney Corp raised its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 44.5% in the second quarter. Hancock Whitney Corp now owns 93,546 shares of the company’s stock worth $2,555,000 after buying an additional 28,808 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 worth $5,534,000 after buying an additional 202,170 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter valued at approximately $68,420,000. 1.80% of the stock is owned by institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.1 %

Shares of COMT opened at $26.51 on Wednesday. iShares GSCI Commodity Dynamic Roll Strategy ETF has a twelve month low of $24.44 and a twelve month high of $28.22. The company has a market capitalization of $715.77 million, a P/E ratio of -12.81 and a beta of 0.53. The firm has a 50 day moving average of $25.76 and a 200 day moving average of $26.12.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders 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%.

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.