iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Stock Price Up 1.3% – Here’s What Happened

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shot up 1.3% during trading on Tuesday . The company traded as high as $29.38 and last traded at $29.28. Approximately 637,324 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 1,194,860 shares. The stock had previously closed at $28.89.

iShares S&P GSCI Commodity-Indexed Trust Stock Down 1.4%

The firm has a market cap of $920.17 million, a price-to-earnings ratio of 4.78 and a beta of 0.04. The company’s fifty day moving average is $31.54 and its 200 day moving average is $28.83.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Life Insurance Co. acquired a new position in iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter worth approximately $40,283,000. Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter valued at approximately $19,222,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 1,678.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 641,500 shares of the company’s stock valued at $14,793,000 after buying an additional 605,422 shares during the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 505,140 shares during the period. Finally, Lifeworks Advisors LLC bought a new position in shares of iShares S&P GSCI Commodity-Indexed Trust during the 1st quarter worth approximately $10,900,000. 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.