International Private Wealth Advisors LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4.8% during the third quarter, HoldingsChannel reports. The firm owned 4,867 shares of the exchange traded fund’s stock after selling 244 shares during the quarter. International Private Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $242,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Global Trust Asset Management LLC lifted its position in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC bought a new stake in iShares Gold Trust during the second quarter valued at $34,000. Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter valued at $35,000. Finally, Chris Bulman Inc acquired a new stake in iShares Gold Trust in the second quarter worth $43,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
Shares of NYSEARCA IAU traded down $0.13 during trading on Thursday, hitting $48.46. 1,484,401 shares of the company traded hands, compared to its average volume of 6,046,525. The business’s fifty day moving average is $50.04 and its 200 day moving average is $46.85. iShares Gold Trust has a fifty-two week low of $37.02 and a fifty-two week high of $52.69.
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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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:IAU – Free Report).
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