Bartlett & Co. LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,282 shares of the exchange traded fund’s stock after selling 956 shares during the quarter. Bartlett & Co. LLC’s holdings in iShares Gold Trust were worth $44,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Psagot Value Holdings Ltd. Israel purchased a new stake in iShares Gold Trust in the third quarter worth approximately $32,000. Valley National Advisers Inc. boosted its holdings in iShares Gold Trust by 98.2% in the third quarter. Valley National Advisers Inc. now owns 1,092 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 541 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of iShares Gold Trust by 191.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 725 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of iShares Gold Trust during the 2nd quarter worth $48,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of iShares Gold Trust during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 62.40% of the company’s stock.
iShares Gold Trust Trading Up 2.9 %
Shares of iShares Gold Trust stock opened at $37.49 on Friday. The company’s fifty day simple moving average is $35.65 and its 200-day simple moving average is $33.76. iShares Gold Trust has a 1-year low of $30.69 and a 1-year high of $37.90.
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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