iShares Gold Trust (NYSEARCA:IAU) Shares Sold by McAdam LLC

McAdam LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 8,851 shares of the exchange traded fund’s stock after selling 1,344 shares during the quarter. McAdam LLC’s holdings in iShares Gold Trust were worth $389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of iShares Gold Trust by 226.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after acquiring an additional 4,200,989 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust during the first quarter worth $30,021,000. Cetera Investment Advisers boosted its position in shares of iShares Gold Trust by 545.9% during the first quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares during the period. Dynasty Wealth Management LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at $24,048,000. Finally, Wells Fargo & Company MN raised its holdings in shares of iShares Gold Trust by 4.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after buying an additional 463,281 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $47.43 on Friday. The business has a 50-day moving average of $45.39 and a 200 day moving average of $43.45. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $47.83.

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.