iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 1-Year High – Here’s Why

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price hit a new 52-week high during mid-day trading on Friday. The company traded as high as $37.41 and last traded at $37.4790, with a volume of 14,167 shares changing hands. The stock had previously closed at $36.99.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The firm has a market capitalization of $1.09 billion, a PE ratio of 4.78 and a beta of 0.06. The company’s fifty day simple moving average is $35.40 and its 200 day simple moving average is $32.92.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth $37,000. CoreCap Advisors LLC boosted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 479.0% in the second quarter. CoreCap Advisors LLC now owns 1,899 shares of the company’s stock worth $54,000 after acquiring an additional 1,571 shares during the period. CX Institutional bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth $55,000. TD Waterhouse Canada Inc. grew its position in shares of 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 purchasing an additional 3,499 shares in the last quarter. Finally, Fifth Third Securities Inc. purchased a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the third quarter valued at $202,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

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.