United Asset Strategies Inc. trimmed its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,088 shares of the exchange traded fund’s stock after selling 5,984 shares during the quarter. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $1,774,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new position in iShares Gold Trust in the 1st quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at $27,000. Dunhill Financial LLC boosted its holdings in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares Gold Trust in the first quarter worth $29,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of iShares Gold Trust during the fourth quarter worth $28,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
NYSEARCA IAU opened at $63.13 on Thursday. The company has a market capitalization of $48.37 billion, a PE ratio of 5.53 and a beta of 0.15. The company has a fifty day moving average of $63.15 and a 200 day moving average of $60.39. iShares Gold Trust has a 1 year low of $46.66 and a 1 year high of $65.00.
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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