Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG – Get Free Report) were up 1.3% during trading on Tuesday . The stock traded as high as $29.38 and last traded at $29.28. 637,324 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 1,194,860 shares. The stock had previously closed at $28.89.
iShares S&P GSCI Commodity-Indexed Trust Stock Up 1.3%
The company’s 50-day simple moving average is $31.60 and its 200 day simple moving average is $28.78. The stock has a market capitalization of $912.07 million, a price-to-earnings ratio of 4.78 and a beta of 0.04.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in iShares S&P GSCI Commodity-Indexed Trust by 23.0% in the third quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock worth $66,000 after purchasing an additional 537 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 17.9% during the fourth quarter. Sound Income Strategies LLC now owns 4,049 shares of the company’s stock worth $96,000 after purchasing an additional 616 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 7.4% in the second quarter. Corient Private Wealth LLC now owns 14,634 shares of the company’s stock valued at $323,000 after purchasing an additional 1,013 shares in the last quarter. Kestra Advisory Services LLC raised its position in iShares S&P GSCI Commodity-Indexed Trust by 16.3% in the 1st quarter. Kestra Advisory Services LLC now owns 7,834 shares of the company’s stock worth $253,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Wealth Advisory Solutions LLC boosted its position in iShares S&P GSCI Commodity-Indexed Trust by 4.5% in the 4th quarter. Wealth Advisory Solutions LLC now owns 31,348 shares of the company’s stock valued at $723,000 after buying an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.
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.
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