Vicus Capital Cuts Position in iShares Gold Trust (NYSEARCA:IAU)

Vicus Capital lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,585 shares of the exchange traded fund’s stock after selling 4,129 shares during the period. Vicus Capital’s holdings in iShares Gold Trust were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. AA Financial Advisors LLC lifted its position in shares of iShares Gold Trust by 3.4% during the 1st quarter. AA Financial Advisors LLC now owns 13,883 shares of the exchange traded fund’s stock valued at $819,000 after acquiring an additional 452 shares during the period. Inscription Capital LLC acquired a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $5,242,000. Signature Wealth Management Group purchased a new position in iShares Gold Trust in the 1st quarter valued at approximately $283,000. Highline Wealth Partners LLC raised its holdings in iShares Gold Trust by 17.4% during the first quarter. Highline Wealth Partners LLC now owns 41,027 shares of the exchange traded fund’s stock worth $2,419,000 after purchasing an additional 6,075 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its holdings in iShares Gold Trust by 170.0% during the first quarter. Sagespring Wealth Partners LLC now owns 560,530 shares of the exchange traded fund’s stock worth $33,049,000 after purchasing an additional 352,920 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $63.80 on Tuesday. iShares Gold Trust has a fifty-two week low of $43.35 and a fifty-two week high of $65.00. The firm has a market capitalization of $46.96 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. The stock’s fifty day moving average is $62.27 and its two-hundred day moving average is $56.38.

iShares Gold Trust 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.