J2 Capital Management Inc Sells 34,310 Shares of iShares Gold Trust $IAU

J2 Capital Management Inc cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 52.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,497 shares of the exchange traded fund’s stock after selling 34,310 shares during the period. iShares Gold Trust comprises approximately 1.8% of J2 Capital Management Inc’s holdings, making the stock its 10th largest holding. J2 Capital Management Inc’s holdings in iShares Gold Trust were worth $2,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schmidt P J Investment Management Inc. grew its holdings in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares during the last quarter. Foster Group Inc. increased its stake in shares of iShares Gold Trust by 2.4% in the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 120 shares in the last quarter. Haverford Trust Co raised its holdings in shares of iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after buying an additional 120 shares during the last quarter. Brooks Moore & Associates Inc. raised its holdings in shares of iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after buying an additional 125 shares during the last quarter. Finally, SmartHarvest Portfolios LLC lifted its position in iShares Gold Trust by 2.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 6,485 shares of the exchange traded fund’s stock worth $572,000 after buying an additional 129 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Stock Up 1.0%

Shares of NYSEARCA IAU opened at $75.71 on Friday. iShares Gold Trust has a 12-month low of $61.37 and a 12-month high of $104.40. The firm’s 50-day simple moving average is $84.51 and its 200 day simple moving average is $87.65. The company has a market cap of $64.46 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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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