iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 52-Week High – Time to Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSGGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $36.99 and last traded at $37.0010, with a volume of 14296 shares. The stock had previously closed at $36.47.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The company’s 50 day moving average price is $32.51 and its 200-day moving average price is $31.63. The stock has a market cap of $1.15 billion, a P/E ratio of 4.78 and a beta of 0.04.

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

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust in the 2nd quarter valued at about $37,000. NewEdge Advisors LLC grew its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 14.2% in the second quarter. NewEdge Advisors LLC now owns 8,712 shares of the company’s stock valued at $249,000 after acquiring an additional 1,081 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 380.3% in the second quarter. TD Waterhouse Canada Inc. now owns 4,419 shares of the company’s stock valued at $125,000 after acquiring an additional 3,499 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the second quarter valued at approximately $570,000. Finally, Evanson Financial LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the second quarter valued at approximately $1,197,000. 60.67% of the stock is owned by institutional investors.

About iShares S&P GSCI Commodity-Indexed Trust

(Get Free Report)

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.

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