Absolute Capital Management LLC Sells 1,641 Shares of iShares Gold Trust $IAU

Absolute Capital Management LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 27.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,264 shares of the exchange traded fund’s stock after selling 1,641 shares during the period. Absolute Capital Management LLC’s holdings in iShares Gold Trust were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IAU. Winnow Wealth LLC acquired a new position in iShares Gold Trust in the 2nd quarter valued at about $62,000. Mizuho Securities Co. Ltd. acquired a new stake in iShares Gold Trust during the second quarter worth approximately $139,000. FineMark National Bank & Trust boosted its holdings in shares of iShares Gold Trust by 0.3% during the second quarter. FineMark National Bank & Trust now owns 117,426 shares of the exchange traded fund’s stock worth $7,323,000 after acquiring an additional 335 shares during the period. Copperleaf Capital LLC grew its position in shares of iShares Gold Trust by 61.4% in the second quarter. Copperleaf Capital LLC now owns 10,334 shares of the exchange traded fund’s stock valued at $644,000 after purchasing an additional 3,933 shares during the last quarter. Finally, Traub Capital Management LLC bought a new position in shares of iShares Gold Trust during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.1%

NYSEARCA:IAU opened at $76.78 on Thursday. The stock has a 50 day simple moving average of $74.68 and a 200 day simple moving average of $67.32. The stock has a market cap of $63.27 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1-year low of $48.83 and a 1-year high of $82.55.

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.