iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Trading Up 1.3% – Time to Buy?

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares rose 1.3% during trading on Tuesday . The company traded as high as $29.38 and last traded at $29.28. 637,324 shares were traded 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 Up 1.3%

The company has a market capitalization of $912.07 million, a P/E ratio of 4.78 and a beta of 0.04. The firm has a fifty day simple moving average of $31.60 and a 200-day simple moving average of $28.78.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth $35,000. Bfsg LLC acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter worth $42,000. CoreCap Advisors LLC increased its holdings in iShares S&P GSCI Commodity-Indexed Trust by 479.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,899 shares of the company’s stock worth $54,000 after purchasing an additional 1,571 shares in the last quarter. CX Institutional acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the 2nd quarter valued at about $55,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 23.0% in the third quarter. Sunbelt Securities Inc. now owns 2,868 shares of the company’s stock valued at $66,000 after purchasing an additional 537 shares in the last quarter. 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.