Whitener Capital Management Inc. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,166 shares of the exchange traded fund’s stock after selling 4,406 shares during the period. Whitener Capital Management Inc.’s holdings in iShares Gold Trust were worth $1,352,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avidian Wealth Solutions LLC boosted its stake in shares of iShares Gold Trust by 4.0% during the 1st quarter. Avidian Wealth Solutions LLC now owns 7,240 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 278 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in iShares Gold Trust by 42.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,012 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Carnegie Capital Asset Management LLC increased its position in shares of iShares Gold Trust by 1.6% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 20,692 shares of the exchange traded fund’s stock worth $773,000 after purchasing an additional 324 shares during the last quarter. GeoWealth Management LLC raised its stake in shares of iShares Gold Trust by 4.4% in the 1st quarter. GeoWealth Management LLC now owns 8,528 shares of the exchange traded fund’s stock valued at $319,000 after purchasing an additional 361 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of iShares Gold Trust by 5.0% during the first quarter. Bogart Wealth LLC now owns 7,639 shares of the exchange traded fund’s stock worth $285,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock.
iShares Gold Trust Stock Down 0.1 %
Shares of NYSEARCA:IAU traded down $0.04 on Tuesday, reaching $36.58. 2,632,724 shares of the company’s stock were exchanged, compared to its average volume of 4,811,715. The business’s 50-day moving average is $36.60 and its two-hundred day moving average is $36.97. iShares Gold Trust has a fifty-two week low of $30.69 and a fifty-two week high of $39.04.
iShares Gold Trust Company 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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