iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 12-Month High – Time to Buy?

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

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The stock’s fifty day moving average is $23.16 and its 200 day moving average is $22.83. The stock has a market cap of $1.09 billion, a P/E ratio of 4.78 and a beta of 0.25.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GSG. Strengthening Families & Communities LLC purchased a new position in iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth $26,000. Headlands Technologies LLC purchased a new position in shares of iShares S&P GSCI Commodity-Indexed Trust during the 2nd quarter worth about $35,000. Sound Income Strategies LLC purchased a new position in shares of iShares S&P GSCI Commodity-Indexed Trust during the 2nd quarter worth about $41,000. Sunbelt Securities Inc. grew 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 valued at $66,000 after purchasing an additional 537 shares during the last quarter. Finally, Amundi raised its position in iShares S&P GSCI Commodity-Indexed Trust by 41.5% in the 1st quarter. Amundi now owns 7,500 shares of the company’s stock worth $165,000 after purchasing an additional 2,200 shares during the period. 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.