Grant Street Asset Management Inc. Lowers Position in iShares Gold Trust (NYSEARCA:IAU)

Grant Street Asset Management Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 60.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,537 shares of the exchange traded fund’s stock after selling 20,363 shares during the quarter. Grant Street Asset Management Inc.’s holdings in iShares Gold Trust were worth $673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp grew its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in iShares Gold Trust by 250.0% in the second 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 last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust during the second quarter valued at about $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the second quarter worth about $34,000. Finally, Pacifica Partners Inc. bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.9 %

Shares of iShares Gold Trust stock opened at $49.74 on Wednesday. iShares Gold Trust has a one year low of $37.21 and a one year high of $52.69. The business’s 50 day simple moving average is $50.16 and its two-hundred day simple moving average is $47.02.

iShares Gold Trust Profile

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.