iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 12-Month High – What’s Next?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) hit a new 52-week high on Thursday . The stock traded as high as $33.68 and last traded at $33.4560, with a volume of 59620 shares changing hands. The stock had previously closed at $31.91.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The firm’s 50-day simple moving average is $27.54 and its 200 day simple moving average is $24.68. The company has a market cap of $1.43 billion, a P/E ratio of 4.78 and a beta of 0.25.

Institutional Trading of iShares S&P GSCI Commodity-Indexed Trust

A number of hedge funds have recently modified their holdings of the company. Rakuten Investment Management Inc. bought a new stake in iShares S&P GSCI Commodity-Indexed Trust in the third quarter valued at approximately $2,718,000. Quent Capital LLC increased its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 9.9% in the 3rd quarter. Quent Capital LLC now owns 743,262 shares of the company’s stock valued at $17,073,000 after buying an additional 66,815 shares in the last quarter. M Holdings Securities Inc. increased its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 47.4% in the second quarter. M Holdings Securities Inc. now owns 132,290 shares of the company’s stock worth $2,917,000 after acquiring an additional 42,543 shares in the last quarter. Strategic Investment Management LLC raised its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 8.5% during the third quarter. Strategic Investment Management LLC now owns 947,572 shares of the company’s stock worth $21,766,000 after purchasing an additional 73,852 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 56.6% during the 2nd quarter. Osaic Holdings Inc. now owns 56,763 shares of the company’s stock valued at $1,252,000 after purchasing an additional 20,509 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

About iShares S&P GSCI Commodity-Indexed Trust

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.