iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 52-Week High – Should You Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.42 and last traded at $24.36, with a volume of 276994 shares. The stock had previously closed at $24.07.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The stock’s 50-day moving average is $23.25 and its 200 day moving average is $22.92. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First National Trust Co lifted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 3.2% in the second quarter. First National Trust Co now owns 15,476 shares of the company’s stock valued at $341,000 after acquiring an additional 476 shares during the period. PFG Investments LLC increased its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 0.9% in the 2nd quarter. PFG Investments LLC now owns 53,112 shares of the company’s stock valued at $1,171,000 after purchasing an additional 489 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of 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 period. Sound Income Strategies LLC lifted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 17.9% in the fourth quarter. Sound Income Strategies LLC now owns 4,049 shares of the company’s stock valued at $96,000 after purchasing an additional 616 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 7.4% during the second quarter. Corient Private Wealth LLC now owns 14,634 shares of the company’s stock worth $323,000 after buying an additional 1,013 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

About iShares S&P GSCI Commodity-Indexed Trust

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.