Carl Stuart Investment Advisor Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 590,679 shares of the exchange traded fund’s stock after selling 19,747 shares during the quarter. iShares Gold Trust comprises about 18.9% of Carl Stuart Investment Advisor Inc.’s portfolio, making the stock its 2nd biggest position. Carl Stuart Investment Advisor Inc.’s holdings in iShares Gold Trust were worth $36,835,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at $27,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at $27,000. Dunhill Financial LLC increased 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 period. Finally, Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at $29,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Price Performance
Shares of IAU stock opened at $75.58 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $76.49. The stock’s fifty day moving average price is $67.72 and its 200 day moving average price is $64.02. The company has a market cap of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
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.
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