iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 12-Month High – Still a Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.68 and last traded at $23.6650, with a volume of 736602 shares. The stock had previously closed at $23.43.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The business’s 50 day simple moving average is $22.93 and its 200 day simple moving average is $22.41. 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

Institutional investors have recently bought and sold shares of the stock. Sumitomo Life Insurance Co. grew its position in iShares S&P GSCI Commodity-Indexed Trust by 38.3% in the first quarter. Sumitomo Life Insurance Co. now owns 2,208,431 shares of the company’s stock valued at $50,286,000 after acquiring an additional 612,153 shares during the period. Strategic Investment Management LLC grew its holdings in shares of 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 purchasing an additional 73,852 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 23.7% in the 1st quarter. Deutsche Bank AG now owns 798,133 shares of the company’s stock worth $18,173,000 after purchasing an additional 152,777 shares during the last quarter. Quent Capital LLC increased its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 9.9% during the 3rd quarter. Quent Capital LLC now owns 743,262 shares of the company’s stock worth $17,073,000 after purchasing an additional 66,815 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 422.0% during the 2nd quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock valued at $7,961,000 after purchasing an additional 291,803 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

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.