Comerica Bank decreased its stake in iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,895 shares of the exchange traded fund’s stock after selling 612 shares during the period. Comerica Bank’s holdings in iShares Gold Trust were worth $368,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. PYA Waltman Capital LLC bought a new stake in iShares Gold Trust in the fourth quarter worth about $30,000. Newbridge Financial Services Group Inc. raised its position in iShares Gold Trust by 63.3% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,032 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 400 shares during the period. Rise Advisors LLC bought a new stake in iShares Gold Trust in the fourth quarter worth about $43,000. Sandy Cove Advisors LLC bought a new stake in iShares Gold Trust in the fourth quarter worth about $47,000. Finally, Trustcore Financial Services LLC raised its position in iShares Gold Trust by 48.3% in the fourth quarter. Trustcore Financial Services LLC now owns 1,382 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 450 shares during the period. Institutional investors own 53.09% of the company’s stock.
iShares Gold Trust Stock Up 0.3 %
Shares of IAU stock opened at $33.45 on Friday. iShares Gold Trust has a 52 week low of $32.20 and a 52 week high of $39.36. The firm’s 50-day simple moving average is $34.13 and its two-hundred day simple moving average is $35.33.
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.
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