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) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.06 and last traded at $26.9660, with a volume of 118967 shares traded. The stock had previously closed at $25.96.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The company has a market capitalization of $1.17 billion, a P/E ratio of 4.78 and a beta of 0.25. The firm’s fifty day moving average is $24.55 and its 200-day moving average is $23.51.

Institutional Investors Weigh In On iShares S&P GSCI Commodity-Indexed Trust

Institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 23.0% during the third quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock worth $66,000 after acquiring an additional 537 shares during the last quarter. Sound Income Strategies LLC raised its holdings 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 worth $96,000 after purchasing an additional 616 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 7.4% in the 2nd quarter. Corient Private Wealth LLC now owns 14,634 shares of the company’s stock worth $323,000 after purchasing an additional 1,013 shares during the period. Wealth Advisory Solutions LLC lifted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 4.5% in the 4th quarter. Wealth Advisory Solutions LLC now owns 31,348 shares of the company’s stock worth $723,000 after purchasing an additional 1,336 shares during the period. Finally, Prospera Financial Services Inc boosted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 2.3% in the 4th quarter. Prospera Financial Services Inc now owns 65,966 shares of the company’s stock valued at $1,521,000 after purchasing an additional 1,465 shares during the last quarter. 60.67% of the stock is owned by 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.