iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 52-Week High – Here’s What Happened

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) reached a new 52-week high on Tuesday . The company traded as high as $34.74 and last traded at $34.55, with a volume of 2038945 shares changing hands. The stock had previously closed at $33.89.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The business has a 50 day moving average price of $30.61 and a two-hundred day moving average price of $26.08. The company has a market cap of $1.09 billion, a P/E ratio of 4.78 and a beta of 0.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GSG. Headlands Technologies LLC bought a new position in iShares S&P GSCI Commodity-Indexed Trust during the 2nd quarter valued at approximately $35,000. Bfsg LLC bought a new position in iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter valued at approximately $42,000. Sunbelt Securities Inc. raised its position in iShares S&P GSCI Commodity-Indexed Trust by 23.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock valued at $66,000 after purchasing an additional 537 shares during the last quarter. Reflection Asset Management bought a new position in iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter valued at approximately $92,000. Finally, Sound Income Strategies LLC raised its position in iShares S&P GSCI Commodity-Indexed Trust by 17.9% during the 4th quarter. Sound Income Strategies LLC now owns 4,049 shares of the company’s stock valued at $96,000 after purchasing an additional 616 shares during the last quarter. 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.