J.W. Cole Advisors Inc. lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,140 shares of the exchange traded fund’s stock after selling 2,137 shares during the period. J.W. Cole Advisors Inc.’s holdings in iShares Gold Trust were worth $1,588,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Private Ocean LLC bought a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. Global Trust Asset Management LLC raised its stake in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust in the second quarter worth $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the second quarter worth $34,000. Finally, Pingora Partners LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 1.0 %
IAU opened at $48.80 on Monday. The stock has a 50-day moving average price of $46.42 and a 200-day moving average price of $44.47. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $48.85.
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.
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