Cwm LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,643 shares of the exchange traded fund’s stock after selling 417 shares during the period. Cwm LLC’s holdings in iShares Gold Trust were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Ocean LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth $29,000. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 250.0% in the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 500 shares during the period. 1620 Investment Advisors Inc. bought a new position in iShares Gold Trust during the 2nd quarter worth about $31,000. Opal Wealth Advisors LLC bought a new position in iShares Gold Trust during the 2nd quarter worth about $34,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at about $35,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
Shares of iShares Gold Trust stock opened at $50.28 on Wednesday. iShares Gold Trust has a one year low of $36.25 and a one year high of $50.57. The stock’s 50-day moving average is $48.27 and its 200-day moving average is $45.84.
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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