iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Hits New 12-Month High – Here’s Why

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.05 and last traded at $33.33, with a volume of 1553372 shares traded. The stock had previously closed at $33.52.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The stock’s 50-day moving average is $28.45 and its 200-day moving average is $25.07. The stock has a market cap of $992.24 million, a price-to-earnings ratio of 4.78 and a beta of 0.15.

Hedge Funds Weigh In On iShares S&P GSCI Commodity-Indexed Trust

A number of hedge funds have recently made changes to their positions in GSG. Amundi boosted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 41.5% in the 1st quarter. Amundi now owns 7,500 shares of the company’s stock valued at $165,000 after purchasing an additional 2,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,598 shares of the company’s stock valued at $6,162,000 after purchasing an additional 79,531 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 1st quarter valued at $5,902,000. BNP Paribas Financial Markets boosted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 30,551.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 34,330 shares of the company’s stock valued at $757,000 after purchasing an additional 34,218 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of 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 valued at $323,000 after purchasing an additional 1,013 shares during the last quarter. 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.