American Investment Services Inc. Has $9.84 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

American Investment Services Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 223,994 shares of the exchange traded fund’s stock after selling 17,132 shares during the quarter. iShares Gold Trust makes up 1.7% of American Investment Services Inc.’s portfolio, making the stock its 16th biggest position. American Investment Services Inc.’s holdings in iShares Gold Trust were worth $9,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Financial Sense Advisors Inc. increased its holdings in shares of iShares Gold Trust by 0.4% in the first quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after acquiring an additional 230 shares in the last quarter. Pettinga Financial Advisors LLC raised its holdings in iShares Gold Trust by 2.5% during the 1st quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after buying an additional 245 shares during the period. EP Wealth Advisors LLC lifted its stake in iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 262 shares in the last quarter. Aspect Partners LLC boosted its holdings in shares of iShares Gold Trust by 0.5% in the second quarter. Aspect Partners LLC now owns 54,818 shares of the exchange traded fund’s stock valued at $2,408,000 after buying an additional 292 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of iShares Gold Trust by 0.9% during the first quarter. Ashton Thomas Private Wealth LLC now owns 31,759 shares of the exchange traded fund’s stock worth $1,334,000 after acquiring an additional 293 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $49.52 on Monday. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $49.60. The company’s fifty day simple moving average is $46.79 and its 200 day simple moving average is $44.78.

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.