iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Stock Price Down 0.8% – Time to Sell?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s stock price dropped 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 daily volume of 1,140,225 shares. The stock had previously closed at $35.73.

iShares S&P GSCI Commodity-Indexed Trust Stock Performance

The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 4.78 and a beta of 0.06. The stock’s fifty day moving average is $34.22 and its two-hundred day moving average is $32.51.

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

Hedge funds have recently made changes to their positions in the stock. Sumitomo Life Insurance Co. bought a new position in iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter valued at $40,283,000. Lifeworks Advisors LLC bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust during the first quarter worth about $10,900,000. Royal Bank of Canada grew its stake in iShares S&P GSCI Commodity-Indexed Trust by 25.5% in the first quarter. Royal Bank of Canada now owns 63,290 shares of the company’s stock worth $2,042,000 after purchasing an additional 12,852 shares in the last quarter. Corient Private Wealth LLC increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 1.7% in the fourth quarter. Corient Private Wealth LLC now owns 80,096 shares of the company’s stock valued at $1,847,000 after buying an additional 1,362 shares during the last quarter. Finally, PFG Investments LLC raised its stake in iShares S&P GSCI Commodity-Indexed Trust by 6.8% during the first quarter. PFG Investments LLC now owns 57,052 shares of the company’s stock valued at $1,840,000 after buying an additional 3,610 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

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.