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

Shares of 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 trading hands. The stock had previously closed at $31.91.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The stock has a fifty day moving average price of $27.90 and a 200-day moving average price of $24.81. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its position in iShares S&P GSCI Commodity-Indexed Trust by 1.7% during the 4th quarter. Corient Private Wealth LLC now owns 80,096 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,362 shares during the period. Reflection Asset Management purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $92,000. Virtu Financial LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $573,000. Mackenzie Financial Corp grew its holdings in iShares S&P GSCI Commodity-Indexed Trust by 57.9% during the fourth quarter. Mackenzie Financial Corp now owns 19,397 shares of the company’s stock worth $451,000 after acquiring an additional 7,114 shares during the period. Finally, Marino Management LLC acquired a new position in iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter worth $1,214,000. 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.