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) shares hit a new 52-week high on Friday. The stock 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 Stock 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 50 day simple moving average is $35.40 and its 200-day simple moving average is $32.92.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth about $37,000. CoreCap Advisors LLC lifted its position in iShares S&P GSCI Commodity-Indexed Trust by 479.0% during the second quarter. CoreCap Advisors LLC now owns 1,899 shares of the company’s stock valued at $54,000 after purchasing an additional 1,571 shares during the last quarter. CX Institutional bought a new stake in iShares S&P GSCI Commodity-Indexed Trust during the second quarter valued at approximately $55,000. TD Waterhouse Canada Inc. grew its stake in iShares S&P GSCI Commodity-Indexed Trust by 380.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,419 shares of the company’s stock worth $125,000 after buying an additional 3,499 shares in the last quarter. Finally, Fifth Third Securities Inc. purchased a new position in iShares S&P GSCI Commodity-Indexed Trust in the 3rd quarter worth approximately $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.