Brave Asset Management Inc. decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 0.7% during the first quarter, HoldingsChannel.com reports. The firm owned 154,706 shares of the exchange traded fund’s stock after selling 1,137 shares during the period. iShares Gold Trust accounts for 2.8% of Brave Asset Management Inc.’s portfolio, making the stock its 11th largest position. Brave Asset Management Inc.’s holdings in iShares Gold Trust were worth $9,121,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC lifted its holdings in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares in the last quarter. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $28,000. Wintrust Investments LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $29,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 0.8%
Shares of iShares Gold Trust stock opened at $63.23 on Wednesday. The firm has a market capitalization of $46.54 billion, a PE ratio of -38.57 and a beta of 0.12. The business’s 50-day moving average price is $61.25 and its 200-day moving average price is $55.49. iShares Gold Trust has a 12 month low of $43.24 and a 12 month high of $64.98.
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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