Cobblestone Capital Advisors LLC NY Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

Cobblestone Capital Advisors LLC NY decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,150 shares of the exchange traded fund’s stock after selling 1,494 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in iShares Gold Trust were worth $3,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $375,000. Aveo Capital Partners LLC raised its stake in iShares Gold Trust by 18.2% in the 4th quarter. Aveo Capital Partners LLC now owns 258,376 shares of the exchange traded fund’s stock worth $10,084,000 after acquiring an additional 39,780 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of iShares Gold Trust by 158.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,880 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 1,152 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $366,000. Finally, Smithfield Trust Co purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $36,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.8 %

IAU stock traded down $0.36 during trading on Friday, hitting $47.15. The stock had a trading volume of 5,270,668 shares, compared to its average volume of 6,154,335. The company’s 50-day moving average price is $46.08 and its two-hundred day moving average price is $44.05. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $47.83.

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.