iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) Shares Gap Down – Here’s Why

Shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) gapped down before the market opened 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 trading hands.

iShares S&P GSCI Commodity-Indexed Trust Stock Down 3.2 %

The business’s 50 day simple moving average is $21.08 and its 200 day simple moving average is $21.66.

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

Several large investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its position in iShares S&P GSCI Commodity-Indexed Trust by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 15,397 shares of the company’s stock worth $340,000 after purchasing an additional 913 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter worth $31,000. Moors & Cabot Inc. grew its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 5.1% in the second quarter. Moors & Cabot Inc. now owns 32,231 shares of the company’s stock worth $714,000 after purchasing an additional 1,551 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in iShares S&P GSCI Commodity-Indexed Trust in the 3rd quarter worth about $36,000. Finally, Comerica Bank lifted its holdings in iShares S&P GSCI Commodity-Indexed Trust by 73.6% during the 1st quarter. Comerica Bank now owns 15,209 shares of the company’s stock valued at $336,000 after buying an additional 6,448 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.