Mengis Capital Management Inc. Trims Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Mengis Capital Management Inc. reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,351 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. Mengis Capital Management Inc.’s holdings in iShares Gold Trust were worth $3,434,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IAU. TCP Asset Management LLC grew its position in shares of iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares in the last quarter. Quadrant Private Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after acquiring an additional 212 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $55.68 on Tuesday. The business’s 50-day moving average price is $51.86 and its 200 day moving average price is $50.27. iShares Gold Trust has a 52-week low of $38.31 and a 52-week high of $55.70.

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.