Simplify Asset Management Inc. Has $1.10 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Simplify Asset Management Inc. cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,085 shares of the exchange traded fund’s stock after selling 3,807 shares during the period. Simplify Asset Management Inc.’s holdings in iShares Gold Trust were worth $1,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Archer Investment Corp increased its position in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the period. Global Trust Asset Management LLC boosted its holdings in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Gold Trust during the second quarter worth approximately $34,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $35,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.0 %

NYSEARCA:IAU traded down $0.02 during trading hours on Friday, reaching $48.44. 1,193,633 shares of the company were exchanged, compared to its average volume of 6,045,784. The business has a 50 day moving average of $50.05 and a 200 day moving average of $46.86. iShares Gold Trust has a 1-year low of $37.21 and a 1-year high of $52.69.

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.