iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 52-Week High – Still a Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.77 and last traded at $23.6760, with a volume of 77726 shares trading hands. The stock had previously closed at $23.58.

iShares S&P GSCI Commodity-Indexed Trust Stock Down 0.0%

The firm has a market capitalization of $1.10 billion, a P/E ratio of 4.78 and a beta of 0.25. The company’s 50 day moving average is $23.16 and its 200-day moving average is $22.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in iShares S&P GSCI Commodity-Indexed Trust by 71.0% in the 3rd quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock valued at $17,917,000 after acquiring an additional 323,907 shares in the last quarter. Quadrature Capital Ltd grew its position in iShares S&P GSCI Commodity-Indexed Trust by 422.0% in the 2nd quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock worth $7,961,000 after purchasing an additional 291,803 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the first quarter valued at approximately $5,902,000. Washington Growth Strategies LLC boosted its position in iShares S&P GSCI Commodity-Indexed Trust by 590,852.2% in the second quarter. Washington Growth Strategies LLC now owns 135,919 shares of the company’s stock worth $2,996,000 after purchasing an additional 135,896 shares during the last quarter. Finally, Quent Capital LLC grew its stake in iShares S&P GSCI Commodity-Indexed Trust by 22.1% in the 2nd quarter. Quent Capital LLC now owns 676,447 shares of the company’s stock valued at $14,909,000 after purchasing an additional 122,266 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

iShares S&P GSCI Commodity-Indexed Trust Company Profile

iShares S&P GSCI Commodity-Indexed Trust (The Trust) is an investment trust that issues units of beneficial interest (shares) representing fractional undivided beneficial interests in its net assets. The Trust’s objective is to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures and to track the investment returns of the index before payment of the Trust’s expenses and liabilities. The Trust is a commodity pool.