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)’s share price reached 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. The stock had previously closed at $34.19.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The company’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $26.76. The company has a market cap of $1.09 billion, a PE ratio of 4.78 and a beta of 0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GSG. Sunbelt Securities Inc. increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock worth $66,000 after purchasing an additional 537 shares during the period. Sound Income Strategies LLC boosted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 17.9% in the 4th quarter. Sound Income Strategies LLC now owns 4,049 shares of the company’s stock valued at $96,000 after buying an additional 616 shares during the period. Corient Private Wealth LLC grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 7.4% during the second quarter. Corient Private Wealth LLC now owns 14,634 shares of the company’s stock worth $323,000 after buying an additional 1,013 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 16.3% during the first quarter. Kestra Advisory Services LLC now owns 7,834 shares of the company’s stock worth $253,000 after buying an additional 1,100 shares in the last quarter. Finally, Wealth Advisory Solutions LLC increased its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 4.5% during the fourth quarter. Wealth Advisory Solutions LLC now owns 31,348 shares of the company’s stock worth $723,000 after buying an additional 1,336 shares during the period. 60.67% of the stock is 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.