Sage Rhino Capital LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 9.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 138,485 shares of the exchange traded fund’s stock after selling 14,885 shares during the quarter. iShares Gold Trust makes up approximately 1.7% of Sage Rhino Capital LLC’s portfolio, making the stock its 15th biggest position. Sage Rhino Capital LLC’s holdings in iShares Gold Trust were worth $10,816,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in iShares Gold Trust during the second quarter valued at approximately $76,854,000. Crcm LP lifted its holdings in iShares Gold Trust by 73.7% during the first quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock worth $111,125,000 after buying an additional 530,148 shares during the period. Eurizon Asset Management Hungary Ltd. bought a new stake in iShares Gold Trust during the 1st quarter valued at $42,494,000. Hamilton Wealth LLC increased its holdings in shares of iShares Gold Trust by 170.8% in the 1st quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock valued at $65,431,000 after acquiring an additional 468,115 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Gold Trust by 1,641.4% in the 1st quarter. Fifth Third Bancorp now owns 380,997 shares of the exchange traded fund’s stock valued at $33,589,000 after acquiring an additional 359,118 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Price Performance
iShares Gold Trust stock opened at $75.57 on Friday. The business has a fifty day moving average price of $80.32 and a 200-day moving average price of $84.69. iShares Gold Trust has a 1-year low of $74.00 and a 1-year high of $104.40. The stock has a market capitalization of $59.59 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18.
Key Headlines Impacting iShares Gold Trust
Here are the key news stories impacting iShares Gold Trust this week:
- Positive Sentiment: Investors purchased a large volume of call options on IAU, signaling that some traders are positioning for a potential rebound in gold. Traders Buy Large Volume of Call Options on iShares Gold Trust
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. 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).
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