iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sees Strong Trading Volume – Still a Buy?

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) saw unusually-high trading volume on Thursday . Approximately 1,411,264 shares changed hands during trading, an increase of 26% from the previous session’s volume of 1,118,225 shares.The stock last traded at $31.0020 and had previously closed at $29.89.

iShares S&P GSCI Commodity-Indexed Trust Stock Up 3.3%

The firm has a market cap of $1.33 billion, a PE ratio of 4.78 and a beta of 0.25. The stock’s fifty day simple moving average is $25.25 and its two-hundred day simple moving average is $23.78.

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

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its position in iShares S&P GSCI Commodity-Indexed Trust by 1.7% during the 4th quarter. Corient Private Wealth LLC now owns 80,096 shares of the company’s stock valued at $1,847,000 after purchasing an additional 1,362 shares during the last quarter. Reflection Asset Management purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter valued at approximately $92,000. Virtu Financial LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter valued at approximately $573,000. Mackenzie Financial Corp raised its holdings in iShares S&P GSCI Commodity-Indexed Trust by 57.9% in the 4th quarter. Mackenzie Financial Corp now owns 19,397 shares of the company’s stock worth $451,000 after acquiring an additional 7,114 shares during the last quarter. Finally, Marino Management LLC bought a new position in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at approximately $1,214,000. 60.67% of the stock is owned by 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.