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

by · The Markets Daily

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $35.36 and last traded at $35.3260, with a volume of 41360 shares traded. The stock had previously closed at $34.83.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 4.78 and a beta of 0.04. The stock has a 50 day simple moving average of $31.89 and a two-hundred day simple moving average of $31.33.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter valued at about $35,000. CoreCap Advisors LLC boosted its stake in iShares S&P GSCI Commodity-Indexed Trust by 479.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,899 shares of the company’s stock worth $54,000 after buying an additional 1,571 shares during the last quarter. CX Institutional acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth approximately $55,000. Sunbelt Securities Inc. grew its stake in shares of 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 buying an additional 537 shares during the period. Finally, Reflection Asset Management purchased a new position in shares of iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter worth about $92,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

iShares S&P GSCI Commodity-Indexed Trust Company Profile

(Get Free Report)

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.

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