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

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares hit a new 52-week high during trading on Friday . The company traded as high as $23.77 and last traded at $23.7350, with a volume of 40810 shares traded. The stock had previously closed at $23.44.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 1.0%

The firm has a 50 day moving average price of $23.03 and a 200 day moving average price of $22.64. The stock has a market cap of $1.10 billion, a P/E ratio of 4.78 and a beta of 0.25.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. First National Trust Co lifted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 3.2% during the 2nd quarter. First National Trust Co now owns 15,476 shares of the company’s stock valued at $341,000 after buying an additional 476 shares in the last quarter. PFG Investments LLC grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 0.9% during the second quarter. PFG Investments LLC now owns 53,112 shares of the company’s stock worth $1,171,000 after purchasing an additional 489 shares in the last quarter. Cetera Investment Advisers grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 4.6% during the first quarter. Cetera Investment Advisers now owns 11,817 shares of the company’s stock worth $269,000 after purchasing an additional 517 shares in the last quarter. Sunbelt Securities Inc. raised its stake in iShares S&P GSCI Commodity-Indexed Trust by 23.0% during 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 during the period. Finally, Corient Private Wealth LLC lifted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 7.4% in the 2nd quarter. Corient Private Wealth LLC now owns 14,634 shares of the company’s stock worth $323,000 after purchasing an additional 1,013 shares in the last quarter. 60.67% of the stock is currently owned by 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.