iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Reaches New 52-Week High – What’s Next?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $34.76 and last traded at $34.5650, with a volume of 547992 shares traded. The stock had previously closed at $34.19.

iShares S&P GSCI Commodity-Indexed Trust Trading Down 2.9%

The stock has a 50 day simple moving average of $32.17 and a 200 day simple moving average of $26.93. The firm has a market capitalization of $1.07 billion, a PE ratio of 4.78 and a beta of 0.05.

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

A number of large investors have recently bought and sold shares of the stock. Sumitomo Life Insurance Co. purchased a new position in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter worth approximately $40,283,000. Strategic Investment Management LLC increased its stake in iShares S&P GSCI Commodity-Indexed Trust by 8.5% in the 3rd quarter. Strategic Investment Management LLC now owns 947,572 shares of the company’s stock worth $21,766,000 after purchasing an additional 73,852 shares during the period. Quent Long Short Global Small Cap Fund LP purchased a new position in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter worth approximately $19,222,000. Bank of America Corp DE increased its stake in iShares S&P GSCI Commodity-Indexed Trust by 71.0% in the 3rd quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock worth $17,917,000 after purchasing an additional 323,907 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in iShares S&P GSCI Commodity-Indexed Trust by 30.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 667,983 shares of the company’s stock worth $15,404,000 after purchasing an additional 155,963 shares during the period. 60.67% of the stock is 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.