iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Stock Price Up 5.3% – Here’s What Happened

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)’s share price traded up 5.3% during trading on Friday . The company traded as high as $29.84 and last traded at $29.82. 316,652 shares were traded during trading, a decline of 65% from the average session volume of 897,079 shares. The stock had previously closed at $28.31.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

The stock has a market cap of $1.29 billion, a P/E ratio of 4.78 and a beta of 0.25. The stock has a 50-day simple moving average of $24.74 and a 200-day simple moving average of $23.57.

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

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