Trilogy Capital Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,485 shares of the exchange traded fund’s stock after selling 222 shares during the quarter. Trilogy Capital Inc.’s holdings in iShares Gold Trust were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter worth about $27,000. BankPlus Trust Department bought a new stake in iShares Gold Trust during the 1st quarter worth approximately $27,000. Dunhill Financial LLC increased its holdings in shares of iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares during the period. Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at about $29,000. Finally, North Capital Inc. purchased a new stake in iShares Gold Trust in the first quarter valued at approximately $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Down 0.3%
IAU opened at $72.65 on Friday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $73.43. The stock has a 50-day moving average price of $66.23 and a 200-day moving average price of $63.24. The stock has a market capitalization of $55.66 billion, a P/E ratio of 5.53 and a beta of 0.15.
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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