iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Shares Down 0.8% – Should You Sell?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) traded down 0.8% during mid-day trading on Monday. The stock traded as low as $35.34 and last traded at $35.45. 2,166,840 shares changed hands during mid-day 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 Trading Down 0.8%

The firm has a market capitalization of $1.03 billion, a PE ratio of 4.78 and a beta of 0.06. The stock’s 50 day moving average price is $34.13 and its two-hundred day moving average price is $32.48.

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

A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth approximately $37,000. CoreCap Advisors LLC raised its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 479.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,899 shares of the company’s stock valued at $54,000 after acquiring an additional 1,571 shares during the period. CX Institutional acquired a new stake in iShares S&P GSCI Commodity-Indexed Trust in the 2nd quarter valued at $55,000. Reflection Asset Management acquired a new stake in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter valued at $92,000. Finally, TD Waterhouse Canada Inc. raised its position in iShares S&P GSCI Commodity-Indexed Trust by 380.3% in the second quarter. TD Waterhouse Canada Inc. now owns 4,419 shares of the company’s stock valued at $125,000 after purchasing an additional 3,499 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

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.