Bank Julius Baer & Co. Ltd Zurich Sells 55,054 Shares of iShares Gold Trust $IAU

Bank Julius Baer & Co. Ltd Zurich decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 26.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,656 shares of the exchange traded fund’s stock after selling 55,054 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in iShares Gold Trust were worth $9,395,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Prudential PLC increased its position in shares of iShares Gold Trust by 3.0% during the second quarter. Prudential PLC now owns 120,861 shares of the exchange traded fund’s stock valued at $7,537,000 after acquiring an additional 3,570 shares during the last quarter. Winnow Wealth LLC bought a new position in iShares Gold Trust in the 2nd quarter valued at $62,000. Mizuho Securities Co. Ltd. bought a new position in iShares Gold Trust in the 2nd quarter valued at $139,000. FineMark National Bank & Trust increased its position in shares of iShares Gold Trust by 0.3% during the 2nd quarter. FineMark National Bank & Trust now owns 117,426 shares of the exchange traded fund’s stock valued at $7,323,000 after purchasing an additional 335 shares during the last quarter. Finally, Copperleaf Capital LLC raised its stake in shares of iShares Gold Trust by 61.4% during the 2nd quarter. Copperleaf Capital LLC now owns 10,334 shares of the exchange traded fund’s stock worth $644,000 after purchasing an additional 3,933 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $76.61 on Friday. The company has a market capitalization of $63.13 billion, a P/E ratio of 5.53 and a beta of 0.09. The company’s 50-day moving average is $75.00 and its 200 day moving average is $67.48. iShares Gold Trust has a fifty-two week low of $48.83 and a fifty-two week 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.