United Asset Strategies Inc. trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 72.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,625 shares of the exchange traded fund’s stock after selling 102,349 shares during the period. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $597,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of IAU. Coastal Bridge Advisors LLC lifted its position in iShares Gold Trust by 71.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 163,571 shares of the exchange traded fund’s stock valued at $2,372,000 after acquiring an additional 67,994 shares during the period. Cadinha & Co. LLC lifted its position in iShares Gold Trust by 1.6% during the 4th quarter. Cadinha & Co. LLC now owns 1,546,871 shares of the exchange traded fund’s stock valued at $22,430,000 after acquiring an additional 24,979 shares during the period. Capital Asset Advisory Services LLC purchased a new position in iShares Gold Trust during the 4th quarter valued at about $30,006,000. AMJ Financial Wealth Management purchased a new position in iShares Gold Trust during the 4th quarter valued at about $241,000. Finally, Raymond James & Associates lifted its position in iShares Gold Trust by 6.5% during the 4th quarter. Raymond James & Associates now owns 5,739,326 shares of the exchange traded fund’s stock valued at $83,220,000 after acquiring an additional 352,474 shares during the period.
NYSEARCA IAU traded up $0.10 during trading hours on Friday, reaching $16.58. 324,611 shares of the company’s stock traded hands, compared to its average volume of 26,890,219. iShares Gold Trust has a 52-week low of $12.18 and a 52-week high of $16.75. The firm has a 50-day simple moving average of $16.20 and a 200 day simple moving average of $15.07.
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.
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