First Horizon Advisors Inc. lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,476 shares of the exchange traded fund’s stock after selling 8,130 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Gold Trust were worth $4,582,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of IAU. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $25,000. BankPlus Trust Department bought a new position in iShares Gold Trust in the 1st quarter valued at $27,000. Private Wealth Management Group LLC boosted its position in iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the last quarter. Key Financial Inc bought a new position in iShares Gold Trust in the 2nd quarter valued at $28,000. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust in the 1st quarter valued at $29,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Up 1.1%
iShares Gold Trust stock opened at $75.05 on Thursday. The business’s 50-day simple moving average is $72.66 and its 200 day simple moving average is $66.31. The stock has a market cap of $61.85 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55.
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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