Silver Oak Securities Incorporated Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Silver Oak Securities Incorporated lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,296 shares of the exchange traded fund’s stock after selling 668 shares during the period. Silver Oak Securities Incorporated’s holdings in iShares Gold Trust were worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IAU. HCR Wealth Advisors bought a new stake in shares of iShares Gold Trust in the first quarter worth about $212,000. Envestnet Portfolio Solutions Inc. increased its stake in iShares Gold Trust by 48.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,663,205 shares of the exchange traded fund’s stock worth $98,063,000 after acquiring an additional 544,745 shares during the last quarter. Wealthspan Partners LLC raised its holdings in shares of iShares Gold Trust by 2.1% during the 1st quarter. Wealthspan Partners LLC now owns 120,171 shares of the exchange traded fund’s stock worth $7,085,000 after acquiring an additional 2,423 shares in the last quarter. Bigelow Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 9.5% during the 1st quarter. Bigelow Investment Advisors LLC now owns 133,228 shares of the exchange traded fund’s stock valued at $7,855,000 after acquiring an additional 11,583 shares during the last quarter. Finally, BostonPremier Wealth LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at $223,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.5%

IAU stock opened at $63.48 on Thursday. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $65.00. The firm has a market capitalization of $46.72 billion, a P/E ratio of -38.57 and a beta of 0.12. The company has a fifty day simple moving average of $62.48 and a two-hundred day simple moving average of $56.48.

iShares Gold Trust Company Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.