Mirador Capital Partners LP Lowers Holdings in iShares Gold Trust (NYSEARCA:IAU)

Mirador Capital Partners LP trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,310 shares of the exchange traded fund’s stock after selling 290 shares during the period. Mirador Capital Partners LP’s holdings in iShares Gold Trust were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IAU. Envestnet Asset Management Inc. raised its stake in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares Gold Trust by 6.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock worth $133,523,000 after purchasing an additional 178,898 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of iShares Gold Trust by 2.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after purchasing an additional 44,515 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after buying an additional 581,671 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.2 %

IAU traded down $0.12 during midday trading on Friday, hitting $50.08. The stock had a trading volume of 8,655,846 shares, compared to its average volume of 6,058,156. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $50.57. The business has a fifty day moving average of $47.69 and a 200 day moving average of $45.36.

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.