Versant Capital Management Inc cut its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,524 shares of the exchange traded fund’s stock after selling 2,534 shares during the period. iShares Gold Trust accounts for 0.8% of Versant Capital Management Inc’s investment portfolio, making the stock its 24th biggest position. Versant Capital Management Inc’s holdings in iShares Gold Trust were worth $5,209,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Smallwood Wealth Investment Management LLC purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $27,000. Dunhill Financial LLC lifted its stake in iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $29,000. Finally, North Capital Inc. purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $34,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Price Performance
NYSEARCA IAU opened at $68.68 on Friday. iShares Gold Trust has a 1 year low of $48.11 and a 1 year high of $69.26. The stock has a market capitalization of $52.62 billion, a PE ratio of 5.53 and a beta of 0.15. The company’s 50 day simple moving average is $64.13 and its two-hundred day simple moving average is $61.78.
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.
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