iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Reaches New 52-Week High – Still a Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.68 and last traded at $33.4560, with a volume of 59620 shares changing hands. The stock had previously closed at $31.91.

iShares S&P GSCI Commodity-Indexed Trust Trading Up 4.5%

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25. The firm’s 50-day moving average is $27.54 and its two-hundred day moving average is $24.68.

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

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter valued at approximately $35,000. Bfsg LLC acquired a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $42,000. Sunbelt Securities Inc. raised its position in iShares S&P GSCI Commodity-Indexed Trust by 23.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock valued at $66,000 after purchasing an additional 537 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 85.4% in the 3rd quarter. Sound Income Strategies LLC now owns 3,433 shares of the company’s stock valued at $79,000 after purchasing an additional 1,581 shares in the last quarter. Finally, Reflection Asset Management acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds 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.