Americana Partners LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,961 shares of the exchange traded fund’s stock after selling 895 shares during the quarter. Americana Partners LLC’s holdings in iShares Gold Trust were worth $1,241,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in IAU. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the second quarter valued at $34,000. Pacifica Partners Inc. purchased a new position in shares of iShares Gold Trust in the second quarter valued at $35,000. Finally, Chris Bulman Inc purchased a new position in shares of iShares Gold Trust in the second quarter valued at $43,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Price Performance
IAU stock opened at $51.63 on Friday. The firm has a fifty day moving average price of $49.56 and a 200 day moving average price of $46.51. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69.
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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