Parcion Private Wealth LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 360,063 shares of the exchange traded fund’s stock after selling 13,150 shares during the period. iShares Gold Trust accounts for 1.5% of Parcion Private Wealth LLC’s portfolio, making the stock its 15th largest position. Parcion Private Wealth LLC owned 0.06% of iShares Gold Trust worth $17,895,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in IAU. Private Ocean LLC purchased a new position in iShares Gold Trust in the first quarter worth $29,000. Global Trust Asset Management LLC grew its stake in iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust during the 2nd quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new stake in iShares Gold Trust in the second quarter valued at about $34,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust during the second quarter worth about $35,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
IAU opened at $51.80 on Friday. The firm’s 50-day moving average price is $49.09 and its 200-day moving average price is $46.25. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $51.92.
About iShares Gold Trust
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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