Phillips Financial Management LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.4% during the third quarter, HoldingsChannel reports. The firm owned 17,649 shares of the exchange traded fund’s stock after selling 620 shares during the period. Phillips Financial Management LLC’s holdings in iShares Gold Trust were worth $877,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in IAU. Archer Investment Corp raised its holdings in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $34,000. Finally, Pacifica Partners Inc. bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at $35,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
iShares Gold Trust stock opened at $48.37 on Monday. The firm has a fifty day simple moving average of $50.08 and a two-hundred day simple moving average of $46.92. iShares Gold Trust has a twelve month low of $37.21 and a twelve month high of $52.69.
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.
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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