Mutual Advisors LLC reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 52.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,997 shares of the exchange traded fund’s stock after selling 80,718 shares during the period. Mutual Advisors LLC’s holdings in iShares Gold Trust were worth $4,592,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new stake in iShares Gold Trust in the first quarter worth $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust during the first quarter valued at about $27,000. Dunhill Financial LLC raised its stake in shares of iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust during the first quarter valued at about $29,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Up 1.7%
Shares of NYSEARCA:IAU opened at $79.32 on Thursday. The company has a market cap of $65.61 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The company has a 50-day moving average price of $68.60 and a 200-day moving average price of $64.40. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $79.39.
iShares Gold Trust 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.
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