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)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.72 and last traded at $31.7150, with a volume of 39945 shares. The stock had previously closed at $31.19.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The firm has a market capitalization of $1.34 billion, a P/E ratio of 4.78 and a beta of 0.25. The stock’s 50 day moving average is $26.20 and its two-hundred day moving average is $24.13.

Institutional Trading of iShares S&P GSCI Commodity-Indexed Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 2nd quarter valued at $35,000. Bfsg LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter worth $42,000. Sunbelt Securities Inc. increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 23.0% in the third 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. Sound Income Strategies LLC lifted its stake in iShares S&P GSCI Commodity-Indexed Trust by 85.4% in the third quarter. Sound Income Strategies LLC now owns 3,433 shares of the company’s stock valued at $79,000 after buying an additional 1,581 shares during the period. Finally, Reflection Asset Management acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at about $92,000. Institutional investors own 60.67% of the company’s stock.

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.