iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Stake Lowered by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) by 81.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 506,926 shares of the company’s stock after selling 2,169,649 shares during the period. Truist Financial Corp owned 1.88% of iShares GSCI Commodity Dynamic Roll Strategy ETF worth $12,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alhambra Investment Management LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.8% during the 4th quarter. Alhambra Investment Management LLC now owns 64,779 shares of the company’s stock worth $1,640,000 after acquiring an additional 492 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 19,590 shares of the company’s stock worth $496,000 after acquiring an additional 643 shares during the last quarter. Cerity Partners LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% during the 3rd quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock worth $1,627,000 after acquiring an additional 742 shares during the last quarter. World Equity Group Inc. lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% during the 3rd quarter. World Equity Group Inc. now owns 26,437 shares of the company’s stock worth $685,000 after acquiring an additional 962 shares during the last quarter. Finally, Prosperity Planning Inc. lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 10.3% during the 4th quarter. Prosperity Planning Inc. now owns 21,885 shares of the company’s stock worth $554,000 after acquiring an additional 2,035 shares during 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 Stock Performance

Shares of COMT opened at $26.73 on Friday. The company has a 50-day simple moving average of $25.95 and a 200-day simple moving average of $26.02. The firm has a market capitalization of $719.04 million, a P/E ratio of -12.91 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.44 and a 52 week high of $28.22.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given 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 presently -59.90%.

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.