Brown Brothers Harriman & Co. Trims Holdings in iShares Gold Trust (NYSEARCA:IAU)

Brown Brothers Harriman & Co. reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.8% in the second quarter, Holdings Channel reports. The firm owned 24,601 shares of the exchange traded fund’s stock after selling 458 shares during the period. Brown Brothers Harriman & Co.’s holdings in iShares Gold Trust were worth $1,081,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Sense Advisors Inc. increased its holdings in iShares Gold Trust by 0.4% during the 1st quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after purchasing an additional 230 shares during the period. Pettinga Financial Advisors LLC grew its position in shares of iShares Gold Trust by 2.5% during the 1st quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after buying an additional 245 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of iShares Gold Trust by 1.4% during the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 262 shares during the period. Aspect Partners LLC raised its holdings in shares of iShares Gold Trust by 0.5% in the second quarter. Aspect Partners LLC now owns 54,818 shares of the exchange traded fund’s stock valued at $2,408,000 after acquiring an additional 292 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in iShares Gold Trust by 0.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 31,759 shares of the exchange traded fund’s stock worth $1,334,000 after acquiring an additional 293 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.5 %

Shares of iShares Gold Trust stock opened at $48.52 on Wednesday. The firm’s 50-day moving average is $46.58 and its two-hundred day moving average is $44.60. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $48.91.

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.