Nottingham Advisors Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 86.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,451 shares of the exchange traded fund’s stock after selling 962,095 shares during the period. Nottingham Advisors Inc.’s holdings in iShares Gold Trust were worth $5,183,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at $314,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in iShares Gold Trust during the second quarter worth $284,000. Valley Forge Investment Consultants Inc. ADV bought a new position in iShares Gold Trust during the second quarter worth $237,000. First Horizon Advisors Inc. boosted its position in iShares Gold Trust by 673.5% during the second quarter. First Horizon Advisors Inc. now owns 12,352 shares of the exchange traded fund’s stock worth $416,000 after purchasing an additional 10,755 shares during the period. Finally, Jaffetilchin Investment Partners LLC boosted its position in iShares Gold Trust by 545.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 90,964 shares of the exchange traded fund’s stock worth $1,649,000 after purchasing an additional 76,878 shares during the period. 56.47% of the stock is owned by institutional investors and hedge funds.
IAU stock traded down $0.26 during midday trading on Wednesday, reaching $34.11. 468,946 shares of the company were exchanged, compared to its average volume of 10,781,085. The business has a 50-day moving average price of $34.24 and a two-hundred day moving average price of $34.02. iShares Gold Trust has a one year low of $31.94 and a one year high of $37.60.
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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