iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Shares Down 0.8% – Here’s What Happened

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price were down 0.8% during trading on Monday. The stock traded as low as $35.34 and last traded at $35.45. 2,166,840 shares traded hands during trading, an increase of 90% from the average session volume of 1,140,225 shares. The stock had previously closed at $35.73.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The stock has a fifty day simple moving average of $34.13 and a two-hundred day simple moving average of $32.48. The stock has a market cap of $1.03 billion, a PE ratio of 4.78 and a beta of 0.06.

Hedge Funds Weigh In On iShares S&P GSCI Commodity-Indexed Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in iShares S&P GSCI Commodity-Indexed Trust in the second quarter valued at about $37,000. NewEdge Advisors LLC boosted its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 14.2% during the 2nd quarter. NewEdge Advisors LLC now owns 8,712 shares of the company’s stock valued at $249,000 after buying an additional 1,081 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 380.3% during the second quarter. TD Waterhouse Canada Inc. now owns 4,419 shares of the company’s stock worth $125,000 after buying an additional 3,499 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth $570,000. Finally, Evanson Financial LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the second quarter worth $1,197,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

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. The Trust is a commodity pool.