Boston Research & Management Inc. Sells 1,110 Shares of iShares Gold Trust (NYSEARCA:IAU)

Boston Research & Management Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,513 shares of the exchange traded fund’s stock after selling 1,110 shares during the quarter. Boston Research & Management Inc.’s holdings in iShares Gold Trust were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Southland Equity Partners LLC lifted its stake in shares of iShares Gold Trust by 21.8% in the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock valued at $373,000 after purchasing an additional 1,590 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of iShares Gold Trust by 8.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after buying an additional 1,830 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of iShares Gold Trust by 5.9% during the first quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 436 shares during the last quarter. Novak & Powell Financial Services Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $1,536,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of iShares Gold Trust by 13.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after acquiring an additional 396 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 1.3 %

Shares of iShares Gold Trust stock opened at $49.52 on Friday. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $49.60. The stock’s fifty day moving average is $46.79 and its two-hundred day moving average is $44.72.

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.