United Asset Strategies Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 21.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,797 shares of the exchange traded fund’s stock after selling 10,060 shares during the quarter. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $1,879,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Global Trust Asset Management LLC raised its position in 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. 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. Pacifica Partners Inc. bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at about $35,000. Finally, Chris Bulman Inc purchased a new stake in iShares Gold Trust during the 2nd quarter valued at about $43,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Stock Down 1.9 %
Shares of iShares Gold Trust stock traded down $0.98 on Thursday, hitting $51.67. The stock had a trading volume of 3,362,956 shares, compared to its average volume of 5,901,448. The stock’s 50-day simple moving average is $49.38 and its two-hundred day simple moving average is $46.43. iShares Gold Trust has a one year low of $36.57 and a one year high of $52.69.
iShares Gold Trust Company 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.
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