Ancora Advisors LLC Decreases Stock Position in iShares Gold Trust $IAU

Ancora Advisors LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.3% in the 1st quarter, Holdings Channel reports. The fund owned 157,343 shares of the exchange traded fund’s stock after selling 3,750 shares during the period. Ancora Advisors LLC’s holdings in iShares Gold Trust were worth $9,277,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC boosted its position in iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after buying an additional 2,552,405 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of iShares Gold Trust during the first quarter valued at about $68,629,000. Charles Schwab Investment Management Inc. increased its position in shares of iShares Gold Trust by 1,357.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after acquiring an additional 913,987 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of iShares Gold Trust by 101.4% during the first quarter. Park Avenue Securities LLC now owns 1,374,967 shares of the exchange traded fund’s stock worth $81,068,000 after acquiring an additional 692,113 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $66.65 on Wednesday. The stock has a market cap of $51.06 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $46.72 and a one year high of $66.73. The business’s 50-day simple moving average is $63.27 and its 200 day simple moving average is $61.06.

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.