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

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price reached a new 52-week high on Tuesday . The company traded as high as $35.36 and last traded at $35.3260, with a volume of 41360 shares. The stock had previously closed at $34.83.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The company’s 50 day simple moving average is $32.18 and its 200-day simple moving average is $31.47. The firm has a market capitalization of $1.12 billion, a PE ratio of 4.78 and a beta of 0.04.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Life Insurance Co. bought a new stake in iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter valued at approximately $40,283,000. Marino Management LLC bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter worth $1,214,000. Lifeworks Advisors LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 1st quarter valued at $10,900,000. Headlands Technologies LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 2nd quarter valued at $570,000. Finally, Lido Advisors LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 1st quarter worth $632,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.