iShares Gold Trust $IAU Stock Holdings Lessened by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 5.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 82,459 shares of the exchange traded fund’s stock after selling 4,498 shares during the period. Vontobel Holding Ltd.’s holdings in iShares Gold Trust were worth $5,142,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC acquired a new stake in iShares Gold Trust during the 1st quarter valued at $27,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Dunhill Financial LLC boosted its holdings in iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust in the first quarter worth $29,000. Finally, North Capital Inc. bought a new stake in iShares Gold Trust in the first quarter worth $34,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0%

Shares of NYSEARCA:IAU opened at $75.58 on Friday. The stock has a market capitalization of $62.36 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49. The firm has a fifty day moving average price of $67.72 and a 200 day moving average price of $63.97.

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.