iShares Gold Trust $IAU Shares Sold by SFE Investment Counsel

SFE Investment Counsel reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,717 shares of the exchange traded fund’s stock after selling 1,070 shares during the period. SFE Investment Counsel’s holdings in iShares Gold Trust were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $1,864,000. Bison Wealth LLC lifted its stake in shares of iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after acquiring an additional 7,379 shares in the last quarter. Greenleaf Trust boosted its holdings in iShares Gold Trust by 5.1% in the first quarter. Greenleaf Trust now owns 9,898 shares of the exchange traded fund’s stock valued at $584,000 after purchasing an additional 482 shares during the last quarter. Genus Capital Management Inc. purchased a new position in iShares Gold Trust in the first quarter valued at about $223,000. Finally, Lane & Associates LLC grew its stake in iShares Gold Trust by 44.3% during the 1st quarter. Lane & Associates LLC now owns 9,647 shares of the exchange traded fund’s stock valued at $569,000 after purchasing an additional 2,960 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.6%

IAU stock opened at $75.43 on Friday. The stock’s 50 day moving average is $73.08 and its two-hundred day moving average is $66.46. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55. The company has a market capitalization of $62.16 billion, a PE ratio of 5.53 and a beta of 0.09.

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.