Christensen King & Associates Investment Services Inc. Has $288,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Christensen King & Associates Investment Services Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,799 shares of the exchange traded fund’s stock after selling 300 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in iShares Gold Trust were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake 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 valued at $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after purchasing an additional 23,058 shares during the period. Truist Financial Corp raised its stake in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. Proficio Capital Partners LLC raised its stake in shares of iShares Gold Trust by 2.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after purchasing an additional 44,515 shares during the period. Finally, Bank of New York Mellon Corp raised its stake 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 purchasing an additional 581,671 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU traded up $0.47 during midday trading on Tuesday, hitting $51.85. The stock had a trading volume of 2,843,451 shares, compared to its average volume of 5,944,448. The company has a 50 day simple moving average of $48.69 and a two-hundred day simple moving average of $46.07. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $51.91.

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.