Trilogy Capital Inc. Cuts Stock Position in iShares Gold Trust $IAU

Trilogy Capital Inc. lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,485 shares of the exchange traded fund’s stock after selling 222 shares during the period. Trilogy Capital Inc.’s holdings in iShares Gold Trust were worth $217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of iShares Gold Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 245 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of iShares Gold Trust during the 1st quarter valued at approximately $267,000. Kingswood Wealth Advisors LLC increased its holdings in iShares Gold Trust by 192.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after acquiring an additional 59,706 shares in the last quarter. McAdam LLC raised its stake in iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after acquiring an additional 341 shares during the period. Finally, Summit Financial LLC lifted its holdings in iShares Gold Trust by 232.6% during the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after purchasing an additional 195,640 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $72.65 on Friday. The company’s fifty day moving average price is $66.23 and its 200-day moving average price is $63.24. iShares Gold Trust has a one year low of $48.29 and a one year high of $73.43. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.