Meridian Investment Counsel Inc. Reduces Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Meridian Investment Counsel Inc. lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,843 shares of the exchange traded fund’s stock after selling 1,739 shares during the period. iShares Gold Trust comprises approximately 1.9% of Meridian Investment Counsel Inc.’s holdings, making the stock its 6th largest holding. Meridian Investment Counsel Inc.’s holdings in iShares Gold Trust were worth $6,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after acquiring an additional 479,796 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after buying an additional 229,303 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of iShares Gold Trust by 2.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after buying an additional 4,189 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares Gold Trust by 66.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after buying an additional 581,671 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock worth $33,339,000 after buying an additional 665,653 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $48.37 on Friday. iShares Gold Trust has a 52 week low of $37.21 and a 52 week high of $52.69. The firm has a 50 day moving average of $50.08 and a 200 day moving average of $46.89.

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.