Avestar Capital LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,806 shares of the exchange traded fund’s stock after selling 3,639 shares during the period. Avestar Capital LLC’s holdings in iShares Gold Trust were worth $2,624,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in IAU. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares in the last quarter. Global Trust Asset Management LLC lifted its position in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in iShares Gold Trust during the second quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the second quarter worth $34,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of iShares Gold Trust in the second quarter worth $35,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $49.62 on Tuesday. The firm’s fifty day simple moving average is $50.32 and its 200 day simple moving average is $47.20. iShares Gold Trust has a twelve month low of $37.40 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.
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