Van ECK Associates Corp Sells 5,885 Shares of iShares Gold Strategy ETF (BATS:IAUF)

Van ECK Associates Corp decreased its position in shares of iShares Gold Strategy ETF (BATS:IAUF) by 28.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,798 shares of the company’s stock after selling 5,885 shares during the quarter. Van ECK Associates Corp owned approximately 1.85% of iShares Gold Strategy ETF worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of iShares Gold Strategy ETF during the fourth quarter worth about $108,000. AdvisorShares Investments LLC acquired a new stake in iShares Gold Strategy ETF during the 4th quarter worth approximately $1,042,000. Finally, Mission Wealth Management LP bought a new stake in iShares Gold Strategy ETF during the 1st quarter worth approximately $1,348,000.

iShares Gold Strategy ETF Price Performance

IAUF stock opened at $63.01 on Friday. The company has a market capitalization of $50.41 million and a P/E ratio of 12.07. The company’s 50-day simple moving average is $62.99 and its two-hundred day simple moving average is $60.93.

iShares Gold Strategy ETF Profile

The iShares Gold Strategy ETF (IAUF) is an exchange-traded fund that is based on the Bloomberg Gold index. The fund follows an index that provides exposure to the price performance of gold by holding gold futures and gold ETPs. IAUF was launched on Jun 6, 2018 and is managed by BlackRock.