iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 1-Year High – Time to Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.06 and last traded at $26.9660, with a volume of 118967 shares. The stock had previously closed at $25.96.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The firm’s 50-day moving average price is $24.40 and its two-hundred day moving average price is $23.44. The stock has a market cap of $1.15 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 have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter valued at approximately $573,000. Corient Private Wealth LLC lifted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 1.7% in the 4th quarter. Corient Private Wealth LLC now owns 80,096 shares of the company’s stock valued at $1,847,000 after purchasing an additional 1,362 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 57.9% during the 4th quarter. Mackenzie Financial Corp now owns 19,397 shares of the company’s stock worth $451,000 after purchasing an additional 7,114 shares during the period. Marino Management LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter worth about $1,214,000. Finally, Kestra Advisory Services LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at about $155,000. Hedge funds and other 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.