iShares Gold Trust $IAU Position Reduced by Security Financial Services INC.

Security Financial Services INC. trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 6.3% in the second quarter, HoldingsChannel.com reports. The firm owned 117,136 shares of the exchange traded fund’s stock after selling 7,816 shares during the quarter. iShares Gold Trust comprises approximately 1.3% of Security Financial Services INC.’s investment portfolio, making the stock its 26th biggest holding. Security Financial Services INC.’s holdings in iShares Gold Trust were worth $7,305,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $1,864,000. Bison Wealth LLC boosted its position in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in iShares Gold Trust during the first quarter valued at $222,000. Bailard Inc. purchased a new stake in iShares Gold Trust in the 1st quarter worth about $2,001,000. Finally, Retirement Planning Co of New England Inc. acquired a new stake in iShares Gold Trust during the 1st quarter worth about $214,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU opened at $76.98 on Friday. The company has a market capitalization of $63.44 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a fifty-two week low of $48.32 and a fifty-two week high of $82.55. The business has a 50-day moving average of $74.20 and a 200-day moving average of $66.97.

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.