King Luther Capital Management Corp trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 22.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,022 shares of the exchange traded fund’s stock after selling 6,932 shares during the period. King Luther Capital Management Corp’s holdings in iShares Gold Trust were worth $1,055,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of IAU. Private Ocean LLC purchased a new position in iShares Gold Trust during the 1st quarter worth approximately $29,000. Global Trust Asset Management LLC grew its holdings in shares of iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of iShares Gold Trust during the second quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in iShares Gold Trust during the second quarter valued at $34,000. Finally, Pingora Partners LLC purchased a new stake in iShares Gold Trust in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 1.3 %
NYSEARCA:IAU opened at $49.52 on Monday. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $49.60. The stock’s 50-day moving average is $46.79 and its two-hundred day moving average is $44.78.
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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