Bank of New York Mellon Corp Cuts Stock Position in iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG)

Bank of New York Mellon Corp decreased its position in shares of iShares S&P GSCI Commodity-Indexed Trust (NYSEARCA:GSG) by 11.7% in the fourth quarter, HoldingsChannel reports. The fund owned 202,005 shares of the company’s stock after selling 26,853 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares S&P GSCI Commodity-Indexed Trust were worth $4,398,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter worth about $40,000. Synergy Asset Management LLC acquired a new stake in iShares S&P GSCI Commodity-Indexed Trust in the 4th quarter worth approximately $80,000. Golden State Wealth Management LLC purchased a new stake in iShares S&P GSCI Commodity-Indexed Trust during the 4th quarter worth approximately $93,000. First Commonwealth Financial Corp PA raised its holdings in shares of iShares S&P GSCI Commodity-Indexed Trust by 11.3% in the third quarter. First Commonwealth Financial Corp PA now owns 13,867 shares of the company’s stock worth $291,000 after buying an additional 1,412 shares during the last quarter. Finally, Avestar Capital LLC acquired a new stake in shares of iShares S&P GSCI Commodity-Indexed Trust during the fourth quarter worth $452,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

iShares S&P GSCI Commodity-Indexed Trust Price Performance

Shares of GSG opened at $22.14 on Wednesday. The firm has a market capitalization of $1.02 billion, a PE ratio of 4.87 and a beta of 0.47. The company’s fifty day moving average price is $22.53 and its 200-day moving average price is $21.67. iShares S&P GSCI Commodity-Indexed Trust has a 1-year low of $19.73 and a 1-year high of $23.32.

iShares S&P GSCI Commodity-Indexed Trust 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.