iShares Gold Trust (IAU) Stake Decreased by Resources Investment Advisors Inc.
Resources Investment Advisors Inc. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,483 shares of the exchange traded fund’s stock after selling 9,644 shares during the quarter. Resources Investment Advisors Inc.’s holdings in iShares Gold Trust were worth $595,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of iShares Gold Trust during the second quarter worth $199,000. Signaturefd LLC acquired a new stake in shares of iShares Gold Trust during the second quarter worth $167,000. Morgan Stanley raised its holdings in shares of iShares Gold Trust by 1.0% during the second quarter. Morgan Stanley now owns 14,828,426 shares of the exchange traded fund’s stock worth $178,238,000 after acquiring an additional 148,424 shares during the period. Raymond James & Associates raised its holdings in shares of iShares Gold Trust by 18.7% during the second quarter. Raymond James & Associates now owns 870,928 shares of the exchange traded fund’s stock worth $10,469,000 after acquiring an additional 137,044 shares during the period. Finally, First City Capital Management Inc. acquired a new stake in shares of iShares Gold Trust during the second quarter worth $168,000.
Shares of NYSEARCA:IAU opened at $11.56 on Thursday. iShares Gold Trust has a 12 month low of $11.25 and a 12 month high of $13.11.
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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