Charles Schwab Investment Management Inc. Sells 19,947,379 Shares of iShares Gold Trust (NYSEARCA:IAU)

Charles Schwab Investment Management Inc. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 99.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,808 shares of the exchange traded fund’s stock after selling 19,947,379 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in iShares Gold Trust were worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IAU. Archer Investment Corp increased its stake in shares of iShares Gold Trust by 813.8% in the third 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. 1620 Investment Advisors Inc. acquired a new stake in iShares Gold Trust in the 2nd quarter valued at about $31,000. Chris Bulman Inc bought a new position in shares of iShares Gold Trust in the second quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 635 shares in the last quarter. Finally, Global Trust Asset Management LLC lifted its position in shares of iShares Gold Trust by 71.4% during the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $49.98 on Friday. The firm has a 50 day simple moving average of $50.42 and a 200 day simple moving average of $47.70. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.