Boston Family Office LLC Sells 3,144 Shares of iShares Gold Trust (NYSEARCA:IAU)

Boston Family Office LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 20.2% in the third quarter, HoldingsChannel reports. The fund owned 12,421 shares of the exchange traded fund’s stock after selling 3,144 shares during the period. Boston Family Office LLC’s holdings in iShares Gold Trust were worth $617,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IAU. Archer Investment Corp raised its stake in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in iShares Gold Trust by 250.0% during the second 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. acquired a new position in iShares Gold Trust during the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new position in iShares Gold Trust during the second quarter valued at approximately $34,000. Finally, Pacifica Partners Inc. acquired a new position in iShares Gold Trust during the second quarter valued at approximately $35,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $49.59 on Tuesday. iShares Gold Trust has a 52-week low of $37.40 and a 52-week high of $52.69. The firm has a 50 day moving average price of $50.32 and a 200 day moving average price of $47.20.

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.