Asset Management One Co. Ltd. Sells 241,662 Shares of iShares Gold Trust (NYSEARCA:IAU)

Asset Management One Co. Ltd. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 78.8% during the third quarter, Holdings Channel.com reports. The fund owned 65,150 shares of the exchange traded fund’s stock after selling 241,662 shares during the period. Asset Management One Co. Ltd.’s holdings in iShares Gold Trust were worth $3,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TCP Asset Management LLC boosted its stake in iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after acquiring an additional 195 shares during the last quarter. Howard Financial Services LTD. boosted its stake in iShares Gold Trust by 2.9% in the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after acquiring an additional 220 shares during the last quarter. Avaii Wealth Management LLC boosted its stake in iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after acquiring an additional 249 shares during the last quarter. EP Wealth Advisors LLC boosted 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 acquiring an additional 262 shares during the last quarter. Finally, OMNI 360 Wealth Inc. boosted its stake in iShares Gold Trust by 5.0% in the third quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 270 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.7 %

IAU opened at $50.70 on Friday. The firm’s fifty day moving average is $49.92 and its two-hundred day moving average is $46.73. iShares Gold Trust has a twelve month low of $36.57 and a twelve month high of $52.69.

iShares Gold Trust 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.