Raymond James Trust N.A. Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Raymond James Trust N.A. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,414 shares of the exchange traded fund’s stock after selling 1,213 shares during the period. Raymond James Trust N.A.’s holdings in iShares Gold Trust were worth $2,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Ocean LLC purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $29,000. Pingora Partners LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $31,000. Global Trust Asset Management LLC raised its position in shares of iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new position in iShares Gold Trust in the 2nd quarter worth $31,000. Finally, Signature Resources Capital Management LLC purchased a new stake in iShares Gold Trust in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded up $0.55 during trading hours on Friday, hitting $47.43. The company’s stock had a trading volume of 4,430,396 shares, compared to its average volume of 6,287,827. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $47.83. The business has a 50 day moving average price of $45.39 and a two-hundred day moving average price of $43.48.

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.