Impact Investors Inc Reduces Position in iShares Gold Trust $IAU

Impact Investors Inc trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 9.8% in the first quarter, Holdings Channel reports. The fund owned 126,267 shares of the exchange traded fund’s stock after selling 13,701 shares during the quarter. iShares Gold Trust comprises approximately 7.7% of Impact Investors Inc’s investment portfolio, making the stock its 3rd biggest holding. Impact Investors Inc’s holdings in iShares Gold Trust were worth $11,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Bank of America Corp DE lifted its position in shares of iShares Gold Trust by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after purchasing an additional 456,140 shares during the last quarter. LPL Financial LLC grew its holdings in iShares Gold Trust by 1.5% in the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after buying an additional 203,528 shares during the last quarter. Wells Fargo & Company MN grew its holdings in iShares Gold Trust by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after buying an additional 260,541 shares during the last quarter. UBS Group AG increased its position in iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after buying an additional 561,489 shares during the period. Finally, Citigroup Inc. increased its position in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

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iShares Gold Trust Trading Down 0.8%

IAU opened at $76.74 on Thursday. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40. The stock has a market capitalization of $63.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. The business has a 50 day moving average of $82.23 and a 200-day moving average of $87.42.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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