Mackay Shields LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 929,500 shares of the exchange traded fund’s stock after selling 929,500 shares during the quarter. Mackay Shields LLC’s holdings in iShares Gold Trust were worth $31,333,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in iShares Gold Trust by 610.0% during the first quarter. FMR LLC now owns 1,752,477 shares of the exchange traded fund’s stock valued at $21,695,000 after acquiring an additional 1,505,643 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of iShares Gold Trust by 4.4% during the 1st quarter. Alliancebernstein L.P. now owns 30,392 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 1,272 shares in the last quarter. BlackRock Inc. grew its holdings in shares of iShares Gold Trust by 7.4% in the 1st quarter. BlackRock Inc. now owns 3,391,910 shares of the exchange traded fund’s stock worth $55,152,000 after purchasing an additional 233,032 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in iShares Gold Trust in the 1st quarter valued at $5,408,000. Finally, Moors & Cabot Inc. lifted its position in shares of iShares Gold Trust by 26.9% during the first quarter. Moors & Cabot Inc. now owns 27,855 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 5,900 shares in the last quarter. 56.47% of the stock is owned by institutional investors and hedge funds.
Shares of IAU stock traded up $0.08 during trading hours on Thursday, hitting $34.19. 245,041 shares of the company were exchanged, compared to its average volume of 9,028,919. The business has a 50 day moving average of $33.83 and a two-hundred day moving average of $34.11. iShares Gold Trust has a 52 week low of $31.94 and a 52 week high of $37.30.
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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