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

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) hit a new 52-week high during trading on Monday . The stock traded as high as $36.99 and last traded at $37.0010, with a volume of 14296 shares. The stock had previously closed at $36.47.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 1.8%

The business’s fifty day moving average is $32.82 and its two-hundred day moving average is $31.79. The firm has a market cap of $1.16 billion, a price-to-earnings 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 modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 2nd quarter worth $37,000. NewEdge Advisors LLC increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 14.2% in the second quarter. NewEdge Advisors LLC now owns 8,712 shares of the company’s stock valued at $249,000 after purchasing an additional 1,081 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 380.3% in the second quarter. TD Waterhouse Canada Inc. now owns 4,419 shares of the company’s stock valued at $125,000 after buying an additional 3,499 shares during the period. Headlands Technologies LLC acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the second quarter valued at about $570,000. Finally, Evanson Financial LLC bought a new position in iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth about $1,197,000. 60.67% of the stock is owned by institutional investors.

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.