Simmons Bank trimmed its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,380 shares of the exchange traded fund’s stock after selling 475 shares during the quarter. Simmons Bank’s holdings in iShares Gold Trust were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sincerus Advisory LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $250,000. Red Crane Wealth Management LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $3,906,000. Impact Investors Inc purchased a new position in iShares Gold Trust in the fourth quarter valued at about $7,906,000. EQ LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $2,280,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $984,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Up 0.1 %
Shares of IAU stock opened at $55.04 on Thursday. The stock has a market capitalization of $37.35 billion, a P/E ratio of -33.32 and a beta of 0.20. The firm’s 50 day moving average is $52.08 and its 200 day moving average is $50.36. iShares Gold Trust has a 12 month low of $38.38 and a 12 month high of $55.70.
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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