iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sets New 1-Year High – What’s Next?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.99 and last traded at $37.0010, with a volume of 14296 shares trading hands. The stock had previously closed at $36.47.

iShares S&P GSCI Commodity-Indexed Trust Trading Up 1.3%

The stock has a market capitalization of $1.15 billion, a PE ratio of 4.78 and a beta of 0.04. The firm has a 50-day moving average price of $32.51 and a 200-day moving average price of $31.63.

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Institutional Trading of iShares S&P GSCI Commodity-Indexed Trust

A number of large investors have recently added to or reduced their stakes in GSG. Sumitomo Life Insurance Co. bought a new stake in iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter worth about $40,283,000. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 1,678.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 641,500 shares of the company’s stock valued at $14,793,000 after acquiring an additional 605,422 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 548.8% during the 4th quarter. JPMorgan Chase & Co. now owns 597,191 shares of the company’s stock worth $13,771,000 after purchasing an additional 505,140 shares during the last quarter. Lifeworks Advisors LLC purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the 1st quarter worth approximately $10,900,000. Finally, Bank of America Corp DE increased its stake 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 purchasing an additional 323,907 shares during the last quarter. Hedge funds and other institutional investors 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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