American Investment Services Inc. Lowers Stock Holdings in iShares Gold Trust $IAU

American Investment Services Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 10.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,176 shares of the exchange traded fund’s stock after selling 11,074 shares during the quarter. iShares Gold Trust makes up 1.8% of American Investment Services Inc.’s portfolio, making the stock its 18th biggest holding. American Investment Services Inc.’s holdings in iShares Gold Trust were worth $8,038,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IAU. Concurrent Investment Advisors LLC increased its position in iShares Gold Trust by 381.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after purchasing an additional 2,008,288 shares during the last quarter. Citigroup Inc. increased its holdings in shares of iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after buying an additional 1,019,135 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of iShares Gold Trust by 503.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock worth $58,015,000 after buying an additional 776,215 shares during the period. Finally, VCU Investment Management Co purchased a new position in shares of iShares Gold Trust in the 4th quarter worth $61,835,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Trading Up 1.1%

Shares of iShares Gold Trust stock opened at $77.69 on Thursday. The business’s fifty day moving average price is $79.97 and its 200 day moving average price is $86.94. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40. The stock has a market capitalization of $64.16 billion, a P/E ratio of 5.53 and a beta of 0.18.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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