Argent Trust Co trimmed its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,290 shares of the exchange traded fund’s stock after selling 3,745 shares during the quarter. Argent Trust Co’s holdings in iShares Gold Trust were worth $3,791,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Ocean LLC bought a new position in iShares Gold Trust in the 1st quarter worth $29,000. Pingora Partners LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth about $31,000. Global Trust Asset Management LLC grew its position 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 worth $31,000 after purchasing an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $31,000. Finally, YHB Investment Advisors Inc. purchased a new position in iShares Gold Trust in the 1st quarter worth approximately $33,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Down 0.5 %
Shares of IAU opened at $48.52 on Wednesday. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $48.91. The company has a 50 day simple moving average of $46.58 and a two-hundred day simple moving average of $44.60.
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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