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) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.42 and last traded at $24.36, with a volume of 276994 shares trading hands. The stock had previously closed at $24.07.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 2.0%

The company’s fifty day simple moving average is $23.30 and its 200 day simple moving average is $22.94. The firm has a market capitalization of $1.15 billion, a PE ratio of 4.78 and a beta of 0.25.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its position in iShares S&P GSCI Commodity-Indexed Trust by 41.5% during the first quarter. Amundi now owns 7,500 shares of the company’s stock valued at $165,000 after buying an additional 2,200 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,598 shares of the company’s stock worth $6,162,000 after acquiring an additional 79,531 shares in the last quarter. Jane Street Group LLC purchased a new position in iShares S&P GSCI Commodity-Indexed Trust during the 1st quarter valued at about $5,902,000. Sound Income Strategies LLC purchased a new position in iShares S&P GSCI Commodity-Indexed Trust during the 2nd quarter valued at about $41,000. Finally, Fifth Third Securities Inc. boosted its stake in iShares S&P GSCI Commodity-Indexed Trust by 19.6% during the second quarter. Fifth Third Securities Inc. now owns 10,783 shares of the company’s stock worth $238,000 after acquiring an additional 1,764 shares in the last quarter. 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.