iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 52-Week High – Here’s Why

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $34.76 and last traded at $34.5650, with a volume of 547992 shares trading hands. The stock had previously closed at $34.19.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 0.5%

The business’s fifty day simple moving average is $31.95 and its two-hundred day simple moving average is $26.76. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 4.78 and a beta of 0.05.

Institutional Investors Weigh In On iShares S&P GSCI Commodity-Indexed Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Life Insurance Co. acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at $40,283,000. Strategic Investment Management LLC increased 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 in the last quarter. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at about $19,222,000. Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 323,907 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 30.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 667,983 shares of the company’s stock valued at $15,404,000 after purchasing an additional 155,963 shares during the period. 60.67% of the stock is owned by hedge funds and other institutional investors.

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.