iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Sees Strong Trading Volume – Here’s What Happened

iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) shares saw unusually-strong trading volume on Tuesday . Approximately 339,436 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 433,358 shares.The stock last traded at $22.31 and had previously closed at $22.24.

iShares S&P GSCI Commodity-Indexed Trust Trading Up 0.8 %

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.87 and a beta of 0.47. The stock has a fifty day moving average of $22.53 and a 200-day moving average of $21.67.

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

A number of hedge funds have recently modified their holdings of GSG. Sumitomo Life Insurance Co. acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust in the fourth quarter worth $34,751,000. Strategic Investment Management LLC boosted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 4.9% in the fourth quarter. Strategic Investment Management LLC now owns 942,910 shares of the company’s stock worth $20,527,000 after buying an additional 43,810 shares during the period. Deutsche Bank AG boosted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 130.2% in the fourth quarter. Deutsche Bank AG now owns 645,356 shares of the company’s stock worth $14,049,000 after buying an additional 364,985 shares during the period. Quent Capital LLC boosted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 28.6% in the fourth quarter. Quent Capital LLC now owns 506,523 shares of the company’s stock worth $11,027,000 after buying an additional 112,668 shares during the period. Finally, Heartland Bank & Trust Co boosted its position in shares of iShares S&P GSCI Commodity-Indexed Trust by 2,752.5% in the fourth quarter. Heartland Bank & Trust Co now owns 295,895 shares of the company’s stock worth $6,442,000 after buying an additional 285,522 shares during the period. 60.67% of the stock is currently 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.