iShares Gold Trust $IAU Position Decreased by Cape ANN Savings Bank

Cape ANN Savings Bank cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 152,780 shares of the exchange traded fund’s stock after selling 2,370 shares during the period. iShares Gold Trust accounts for approximately 5.7% of Cape ANN Savings Bank’s portfolio, making the stock its 4th largest position. Cape ANN Savings Bank’s holdings in iShares Gold Trust were worth $9,527,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IAU. GAMMA Investing LLC increased its position in shares of iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 245 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in iShares Gold Trust during the 1st quarter worth approximately $267,000. Kingswood Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 192.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after buying an additional 59,706 shares during the last quarter. McAdam LLC raised its position in shares of iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 341 shares in the last quarter. Finally, Summit Financial LLC raised its position in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $73.22 on Friday. iShares Gold Trust has a one year low of $48.29 and a one year high of $73.43. The company has a 50-day simple moving average of $66.44 and a 200-day simple moving average of $63.35. The firm has a market capitalization of $59.82 billion, a PE ratio of 5.53 and a beta of 0.15.

iShares Gold Trust Company 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.