James Investment Research Inc. Lowers Holdings in iShares Gold Trust (NYSEARCA:IAU)

James Investment Research Inc. reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 360,494 shares of the exchange traded fund’s stock after selling 2,151 shares during the period. iShares Gold Trust accounts for about 2.1% of James Investment Research Inc.’s investment portfolio, making the stock its 5th largest holding. James Investment Research Inc.’s holdings in iShares Gold Trust were worth $17,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Global Trust Asset Management LLC raised its position in shares of 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 worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the second quarter worth approximately $34,000. Pacifica Partners Inc. acquired a new position in iShares Gold Trust in the second quarter valued at approximately $35,000. Finally, Chris Bulman Inc acquired a new position in iShares Gold Trust in the second quarter valued at approximately $43,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.4 %

IAU opened at $51.63 on Friday. The company has a fifty day moving average price of $49.56 and a two-hundred day moving average price of $46.51. iShares Gold Trust has a 52 week low of $36.57 and a 52 week 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.