iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Shares Gap Down – Time to Sell?

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) gapped down prior to trading on Monday . The stock had previously closed at $21.52, but opened at $20.81. iShares S&P GSCI Commodity-Indexed Trust shares last traded at $20.86, with a volume of 29,197 shares.

iShares S&P GSCI Commodity-Indexed Trust Trading Down 0.3 %

The firm’s fifty day moving average price is $21.08 and its two-hundred day moving average price is $21.63.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GSG. PNC Financial Services Group Inc. purchased a new position in iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter valued at approximately $31,000. Highline Wealth Partners LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust during the 3rd quarter valued at about $36,000. International Assets Investment Management LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the second quarter worth about $157,000. US Bancorp DE boosted its position in iShares S&P GSCI Commodity-Indexed Trust by 1,469.9% in the third quarter. US Bancorp DE now owns 7,457 shares of the company’s stock valued at $157,000 after buying an additional 6,982 shares during the last quarter. Finally, Heartland Bank & Trust Co acquired a new position in iShares S&P GSCI Commodity-Indexed Trust in the 3rd quarter worth approximately $218,000. 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.