iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Shares Gap Up – Should You Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) gapped up before the market opened on Tuesday . The stock had previously closed at $26.94, but opened at $27.91. iShares S&P GSCI Commodity-Indexed Trust shares last traded at $27.7750, with a volume of 118,394 shares.

iShares S&P GSCI Commodity-Indexed Trust Trading Up 2.8%

The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 4.78 and a beta of 0.25. The firm’s 50 day simple moving average is $24.47 and its 200-day simple moving average is $23.47.

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

Institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd grew its stake in shares of iShares S&P GSCI Commodity-Indexed Trust by 422.0% during the 2nd quarter. Quadrature Capital Ltd now owns 360,943 shares of the company’s stock worth $7,961,000 after purchasing an additional 291,803 shares during the period. Aspect Partners LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth about $524,000. Rakuten Investment Management Inc. purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust during the third quarter worth about $2,718,000. Southeast Asset Advisors LLC grew its position in iShares S&P GSCI Commodity-Indexed Trust by 31.7% during the second quarter. Southeast Asset Advisors LLC now owns 18,514 shares of the company’s stock worth $408,000 after buying an additional 4,451 shares during the period. Finally, M Holdings Securities Inc. increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 47.4% in the second quarter. M Holdings Securities Inc. now owns 132,290 shares of the company’s stock valued at $2,917,000 after buying an additional 42,543 shares in the last quarter. Hedge funds and other 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.