Ballew Advisors Inc decreased its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 44.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,910 shares of the exchange traded fund’s stock after selling 13,725 shares during the period. Ballew Advisors Inc’s holdings in iShares Gold Trust were worth $833,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Ocean LLC purchased a new position in iShares Gold Trust during the 1st quarter valued at about $29,000. Global Trust Asset Management LLC raised its position in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 1.0 %
Shares of IAU stock opened at $50.16 on Friday. iShares Gold Trust has a one year low of $35.36 and a one year high of $50.57. The company has a 50 day moving average price of $48.08 and a 200 day moving average price of $45.70.
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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