UMB Bank n.a. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,702 shares of the exchange traded fund’s stock after selling 3,921 shares during the period. UMB Bank n.a.’s holdings in iShares Gold Trust were worth $3,138,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel purchased a new position in shares of iShares Gold Trust during the third quarter valued at about $32,000. Valley National Advisers Inc. increased its position in shares of iShares Gold Trust by 98.2% during the third quarter. Valley National Advisers Inc. now owns 1,092 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 541 shares during the period. Salem Investment Counselors Inc. increased its position in shares of iShares Gold Trust by 191.8% during the second quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 725 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of iShares Gold Trust during the second quarter valued at about $48,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in iShares Gold Trust in the third quarter worth about $47,000. Hedge funds and other institutional investors own 62.40% of the company’s stock.
iShares Gold Trust Stock Performance
Shares of IAU opened at $37.49 on Friday. iShares Gold Trust has a fifty-two week low of $30.69 and a fifty-two week high of $37.90. The firm’s 50-day simple moving average is $35.65 and its two-hundred day simple moving average is $33.76.
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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