Swmg LLC Has $1.05 Million Stake in iShares Gold Trust $IAU

Swmg LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 49.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,751 shares of the exchange traded fund’s stock after selling 16,577 shares during the period. Swmg LLC’s holdings in iShares Gold Trust were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Diversified Enterprises LLC lifted its position in shares of iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 163 shares during the last quarter. Red Mountain Financial LLC increased its stake in shares of iShares Gold Trust by 0.4% during the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after purchasing an additional 165 shares during the period. Alpha Cubed Investments LLC increased its stake in shares of iShares Gold Trust by 4.0% during the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 168 shares during the period. Mosaic Family Wealth Partners LLC increased its stake in shares of iShares Gold Trust by 1.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 173 shares during the period. Finally, Quattro Financial Advisors LLC increased its stake in shares of iShares Gold Trust by 4.7% during the first quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 183 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.9%

Shares of NYSEARCA IAU opened at $79.63 on Friday. The firm has a market cap of $66.22 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34. The business’s 50 day moving average is $69.25 and its 200-day moving average is $64.74.

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.