iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Decreased by Marmo Financial Group LLC

Marmo Financial Group LLC cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,401 shares of the exchange traded fund’s stock after selling 840 shares during the quarter. iShares Gold Trust accounts for about 0.4% of Marmo Financial Group LLC’s investment portfolio, making the stock its 19th largest holding. Marmo Financial Group LLC’s holdings in iShares Gold Trust were worth $633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IAU. Wells Fargo & Company MN boosted its stake in shares of iShares Gold Trust by 4.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock worth $452,449,000 after acquiring an additional 463,281 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in iShares Gold Trust by 226.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after purchasing an additional 4,200,989 shares during the period. Raymond James & Associates raised its holdings in iShares Gold Trust by 5.0% in the 1st quarter. Raymond James & Associates now owns 3,844,075 shares of the exchange traded fund’s stock worth $161,490,000 after acquiring an additional 183,140 shares during the period. Equitable Trust Co. increased its stake in shares of iShares Gold Trust by 5.0% in the first quarter. Equitable Trust Co. now owns 2,694,867 shares of the exchange traded fund’s stock worth $113,211,000 after purchasing an additional 127,828 shares during the period. Finally, GM Advisory Group LLC grew its holdings in iShares Gold Trust by 1.7% in the 4th quarter. GM Advisory Group LLC now owns 2,166,673 shares of the exchange traded fund’s stock valued at $84,565,000 after buying an additional 36,696 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU traded down $0.58 during trading on Thursday, hitting $46.88. 3,311,781 shares of the stock were exchanged, compared to its average volume of 6,299,279. The company’s fifty day simple moving average is $45.33 and its 200-day simple moving average is $43.35. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $47.83.

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.