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

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $25.00 and last traded at $24.85, with a volume of 368068 shares traded. The stock had previously closed at $24.76.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 1.1%

The company has a 50-day moving average of $23.44 and a 200 day moving average of $23.01. The firm has a market capitalization of $1.19 billion, a PE ratio of 4.78 and a beta of 0.25.

Institutional Investors Weigh In On iShares S&P GSCI Commodity-Indexed Trust

Several hedge funds have recently bought and sold shares of GSG. Strategic Investment Management LLC grew its stake in iShares S&P GSCI Commodity-Indexed Trust by 8.5% in the 3rd quarter. Strategic Investment Management LLC now owns 947,572 shares of the company’s stock worth $21,766,000 after buying an additional 73,852 shares in the last quarter. Quent Long Short Global Small Cap Fund LP bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter worth $19,222,000. Bank of America Corp DE lifted its holdings in shares of 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. Quent Capital LLC grew its position in iShares S&P GSCI Commodity-Indexed Trust by 9.9% in the third quarter. Quent Capital LLC now owns 743,262 shares of the company’s stock worth $17,073,000 after acquiring an additional 66,815 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in iShares S&P GSCI Commodity-Indexed Trust by 422.0% in the second quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock valued at $7,961,000 after acquiring an additional 291,803 shares during 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. The Trust is a commodity pool.