World Investment Advisors cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 37.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,262 shares of the exchange traded fund’s stock after selling 77,970 shares during the quarter. World Investment Advisors’ holdings in iShares Gold Trust were worth $7,998,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in iShares Gold Trust during the 2nd quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in iShares Gold Trust during the 1st quarter worth about $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust during the 1st quarter worth about $27,000. Private Wealth Management Group LLC lifted its holdings in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares during the period. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust in the 1st quarter worth about $29,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Trading Down 0.4%
IAU stock opened at $74.31 on Thursday. The stock has a 50-day moving average price of $71.50 and a 200-day moving average price of $65.84. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $82.55. The firm has a market cap of $61.52 billion, a PE ratio of 5.53 and a beta of 0.09.
About iShares Gold Trust
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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