Vision Capital Management Inc. Decreases Position in iShares Gold Trust $IAU

Vision Capital Management Inc. lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 376,563 shares of the exchange traded fund’s stock after selling 1,751 shares during the period. iShares Gold Trust accounts for 3.1% of Vision Capital Management Inc.’s portfolio, making the stock its 8th largest position. Vision Capital Management Inc.’s holdings in iShares Gold Trust were worth $23,482,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in iShares Gold Trust during the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC boosted its stake in shares of iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $75,000. Wood Tarver Financial Group LLC bought a new position in shares of iShares Gold Trust during the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in iShares Gold Trust in the 4th quarter worth $47,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $70.58 on Friday. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $71.40. The firm has a market cap of $54.07 billion, a PE ratio of 5.53 and a beta of 0.15. The business has a 50 day moving average price of $65.39 and a 200-day moving average price of $62.67.

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.