Nvwm LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 34.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 42,586 shares of the exchange traded fund’s stock after selling 22,180 shares during the quarter. Nvwm LLC’s holdings in iShares Gold Trust were worth $2,656,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Keener Financial Planning LLC purchased a new stake in iShares Gold Trust in the second quarter worth $25,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust in the 1st quarter worth about $27,000. Private Wealth Management Group LLC increased its position in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the period. Key Financial Inc purchased a new stake in iShares Gold Trust in the second quarter worth about $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust during the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
Shares of NYSEARCA:IAU opened at $74.97 on Friday. The firm has a market capitalization of $61.78 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock has a 50 day moving average price of $72.87 and a 200-day moving average price of $66.37. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55.
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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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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