JPMorgan Chase & Co. Reduces Stake in iShares GSCI Commodity Dynamic Roll Strategy ETF

JPMorgan Chase & Co. has decreased its stake in the iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT – Free Report) by 16.8% in the third quarter, based on its latest filing with the SEC. After this transaction, the firm holds 11,321 shares of the ETF, having sold 2,285 shares during this period. The value of JPMorgan Chase & Co.’s holdings in the iShares GSCI Commodity Dynamic Roll Strategy ETF was approximately $293,000 at the close of the most recent quarter.

A number of other institutional investors and hedge funds have also made adjustments to their positions in this ETF. Axiom Advisory LLC increased its holdings in the iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% during the third quarter, bringing its total to 5,530,030 shares, valued at around $144,969,000, after an additional purchase of 564,318 shares. Similarly, Carrera Capital Advisors raised its shares by 30.1%, now owning 309,084 shares valued at around $8,008,000 following the purchase of an extra 71,432 shares.

Sumitomo Mitsui Trust Group Inc. lifted its stake in the ETF by 17.2% during the same period, acquiring a total of 253,253 shares valued at $6,562,000 after buying an additional 37,150 shares. Peak Financial Management Inc. also increased its position by 3.6%, now owning 233,554 shares valued at $6,051,000 after purchasing 8,111 additional shares. Lastly, MML Investors Services LLC boosted its stake by 3.7%, bringing its total to 176,189 shares worth $4,565,000 after acquiring an extra 6,336 shares. Collectively, institutional investors own approximately 1.80% of this stock.

Performance of iShares GSCI Commodity Dynamic Roll Strategy ETF

The shares of the iShares GSCI Commodity Dynamic Roll Strategy ETF opened at $26.14 on a recent Friday. Over the past year, the ETF has recorded a low of $24.44 and a high of $28.22. Its market capitalization currently stands at $705.78 million, with a price-to-earnings (PE) ratio of -12.63 and a beta of 0.53. Additionally, the ETF has a 50-day simple moving average of $25.87 and a two-hundred day moving average of $26.04.

Recent Dividend Announcement

The iShares GSCI Commodity Dynamic Roll Strategy ETF has also announced a dividend, which was paid on December 20th. Investors who were recorded as holding shares on December 17th received a dividend payment of $1.2401 per share. The ex-dividend date was also set for December 17th. The ETF currently has a payout ratio of -59.90%.

Overview of iShares GSCI Commodity Dynamic Roll Strategy ETF

The iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is an exchange-traded fund that tracks the S&P GSCI Dynamic Roll index. This fund aims to follow a diversified commodity index using a flexible rolling strategy. COMT was introduced on October 16, 2014 and is managed by BlackRock.

JPMorgan, ETF, Shares