Quent Capital LLC Has $22.92 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Quent Capital LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 461,244 shares of the exchange traded fund’s stock after selling 30,594 shares during the quarter. iShares Gold Trust accounts for 2.3% of Quent Capital LLC’s investment portfolio, making the stock its 9th biggest position. Quent Capital LLC’s holdings in iShares Gold Trust were worth $22,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IAU. Southland Equity Partners LLC raised its holdings in iShares Gold Trust by 21.8% during the first quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 1,590 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in iShares Gold Trust by 8.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock worth $1,034,000 after acquiring an additional 1,830 shares during the period. Concurrent Investment Advisors LLC raised its position in iShares Gold Trust by 5.9% in the first quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 436 shares in the last quarter. Novak & Powell Financial Services Inc. acquired a new stake in iShares Gold Trust in the 4th quarter valued at about $1,536,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of iShares Gold Trust by 13.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock valued at $145,000 after purchasing an additional 396 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.2 %

Shares of NYSEARCA IAU traded down $0.12 during midday trading on Friday, reaching $50.08. The company’s stock had a trading volume of 8,655,846 shares, compared to its average volume of 6,058,156. iShares Gold Trust has a one year low of $34.35 and a one year high of $50.57. The company has a 50 day moving average price of $47.69 and a 200 day moving average price of $45.36.

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.