Sage Investment Advisers LLC Sells 2,700 Shares of iShares Gold Trust (NYSEARCA:IAU)

Sage Investment Advisers LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,030 shares of the exchange traded fund’s stock after selling 2,700 shares during the period. iShares Gold Trust comprises about 4.5% of Sage Investment Advisers LLC’s holdings, making the stock its 3rd largest position. Sage Investment Advisers LLC’s holdings in iShares Gold Trust were worth $3,950,000 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. WealthCare Investment Partners LLC lifted its holdings in shares of iShares Gold Trust by 38.2% in the first quarter. WealthCare Investment Partners LLC now owns 104,743 shares of the exchange traded fund’s stock valued at $4,400,000 after purchasing an additional 28,968 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in iShares Gold Trust during the 1st quarter valued at $328,000. Chemistry Wealth Management LLC lifted its stake in iShares Gold Trust by 2.5% during the 1st quarter. Chemistry Wealth Management LLC now owns 291,691 shares of the exchange traded fund’s stock valued at $12,254,000 after acquiring an additional 7,155 shares in the last quarter. Flagstar Advisors Inc. boosted its holdings in iShares Gold Trust by 5.0% during the 1st quarter. Flagstar Advisors Inc. now owns 92,126 shares of the exchange traded fund’s stock worth $3,870,000 after acquiring an additional 4,375 shares during the last quarter. Finally, Wealth Management Partners LLC grew its stake in shares of iShares Gold Trust by 2.7% in the 1st quarter. Wealth Management Partners LLC now owns 196,521 shares of the exchange traded fund’s stock worth $8,256,000 after acquiring an additional 5,111 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.1 %

Shares of IAU traded up $0.49 during trading hours on Thursday, reaching $43.95. 1,301,486 shares of the stock traded hands, compared to its average volume of 6,410,059. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $46.08. The stock has a fifty day simple moving average of $44.25 and a 200 day simple moving average of $41.33.

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.