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 reached a new 52-week high on Wednesday . The company traded as high as $35.02 and last traded at $34.9640, with a volume of 524357 shares changing hands. The stock had previously closed at $34.85.

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

The stock’s 50-day moving average is $31.63 and its 200-day moving average is $31.18. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 4.78 and a beta of 0.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GSG. Sumitomo Life Insurance Co. bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at $40,283,000. Bank of America Corp DE grew its position in iShares S&P GSCI Commodity-Indexed Trust by 71.0% during the 3rd quarter. Bank of America Corp DE now owns 780,032 shares of the company’s stock worth $17,917,000 after acquiring an additional 323,907 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 30.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 667,983 shares of the company’s stock worth $15,404,000 after purchasing an additional 155,963 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 1,678.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 641,500 shares of the company’s stock worth $14,793,000 after purchasing an additional 605,422 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 purchasing an additional 505,140 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.