Simplify Asset Management Inc. Decreases Holdings in iShares Gold Trust (NYSEARCA:IAU)

Simplify Asset Management Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 40.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,892 shares of the exchange traded fund’s stock after selling 17,308 shares during the quarter. Simplify Asset Management Inc.’s holdings in iShares Gold Trust were worth $1,137,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Ocean LLC acquired a new position in iShares Gold Trust during the first quarter worth approximately $29,000. Pingora Partners LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $31,000. Global Trust Asset Management LLC increased its holdings in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust during the second quarter worth approximately $31,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust in the first quarter valued at about $33,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $48.89 on Friday. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $49.12. The business has a 50 day simple moving average of $46.71 and a 200-day simple moving average of $44.66.

iShares Gold Trust Company 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.