United Asset Strategies Inc. Sells 7,255 Shares of iShares Gold Trust $IAU

United Asset Strategies Inc. trimmed its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 33.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,190 shares of the exchange traded fund’s stock after selling 7,255 shares during the quarter. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MTM Investment Management LLC acquired a new position in shares of iShares Gold Trust in the second quarter valued at $25,000. Keener Financial Planning LLC acquired a new stake in iShares Gold Trust during the 2nd quarter valued at $25,000. Private Wealth Management Group LLC raised its holdings in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the last quarter. Key Financial Inc bought a new position in shares of iShares Gold Trust in the second quarter worth about $28,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in iShares Gold Trust by 230.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 322 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $84.28 on Friday. The firm has a fifty day moving average of $79.69 and a two-hundred day moving average of $71.85. The stock has a market capitalization of $71.04 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $50.14 and a 52 week high of $85.68.

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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