iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 1-Year High – Should You Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $35.02 and last traded at $34.9640, with a volume of 524357 shares trading hands. The stock had previously closed at $34.85.

iShares S&P GSCI Commodity-Indexed Trust Trading Up 0.2%

The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 4.78 and a beta of 0.03. The company has a 50 day moving average price of $31.38 and a 200 day moving average price of $31.04.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at about $40,283,000. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 1,678.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 641,500 shares of the company’s stock valued at $14,793,000 after buying an additional 605,422 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 548.8% in the fourth quarter. JPMorgan Chase & Co. now owns 597,191 shares of the company’s stock valued at $13,771,000 after buying an additional 505,140 shares during the period. Lifeworks Advisors LLC bought a new position in iShares S&P GSCI Commodity-Indexed Trust in the first quarter valued at approximately $10,900,000. Finally, Bank of America Corp DE boosted its stake in iShares S&P GSCI Commodity-Indexed Trust by 71.0% in the third quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock valued at $17,917,000 after acquiring an additional 323,907 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

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.