iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Reaches New 12-Month High – Still a Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares hit a new 52-week high on Thursday . The company traded as high as $24.36 and last traded at $24.02, with a volume of 1178825 shares changing hands. The stock had previously closed at $24.08.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The company’s 50-day moving average price is $23.21 and its 200-day moving average price is $22.87. The company has a market cap of $1.12 billion, a P/E ratio of 4.78 and a beta of 0.25.

Hedge Funds Weigh In On iShares S&P GSCI Commodity-Indexed Trust

A number of large investors have recently added to or reduced their stakes in the company. Strategic Investment Management LLC lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 8.5% in the third quarter. Strategic Investment Management LLC now owns 947,572 shares of the company’s stock valued at $21,766,000 after purchasing an additional 73,852 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 71.0% during the third quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock worth $17,917,000 after buying an additional 323,907 shares in the last quarter. Quent Capital LLC raised its position in iShares S&P GSCI Commodity-Indexed Trust by 9.9% in the 3rd quarter. Quent Capital LLC now owns 743,262 shares of the company’s stock valued at $17,073,000 after buying an additional 66,815 shares during the last quarter. Quadrature Capital Ltd lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 422.0% in the 2nd quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock valued at $7,961,000 after acquiring an additional 291,803 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,598 shares of the company’s stock valued at $6,162,000 after acquiring an additional 79,531 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

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.