Eqis Capital Management Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 47.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 434,779 shares of the exchange traded fund’s stock after selling 397,846 shares during the period. iShares Gold Trust accounts for approximately 0.5% of Eqis Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Eqis Capital Management Inc.’s holdings in iShares Gold Trust were worth $6,130,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Investment Advisory Services LLC increased its position in iShares Gold Trust by 50.0% during the third quarter. Capital Investment Advisory Services LLC now owns 2,149 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 716 shares during the period. Destination Wealth Management increased its holdings in shares of iShares Gold Trust by 90.4% in the second quarter. Destination Wealth Management now owns 2,393 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 1,136 shares during the period. JFS Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the third quarter valued at approximately $46,000. Parallel Advisors LLC increased its holdings in shares of iShares Gold Trust by 127.9% in the second quarter. Parallel Advisors LLC now owns 3,877 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 2,176 shares during the period. Finally, Optimum Investment Advisors increased its holdings in shares of iShares Gold Trust by 52.0% in the third quarter. Optimum Investment Advisors now owns 3,800 shares of the exchange traded fund’s stock valued at $54,000 after purchasing an additional 1,300 shares during the period.
Shares of NYSEARCA:IAU traded down $0.01 during trading on Tuesday, reaching $13.89. The company had a trading volume of 157,970 shares, compared to its average volume of 18,146,656. The stock’s fifty day moving average price is $14.30 and its 200 day moving average price is $13.63. iShares Gold Trust has a fifty-two week low of $11.49 and a fifty-two week high of $14.90.
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.
Further Reading: Does the discount rate affect the economy?
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.