iShares Gold Trust $IAU Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 5.9% in the first quarter, HoldingsChannel.com reports. The firm owned 233,729 shares of the exchange traded fund’s stock after selling 14,657 shares during the period. iShares Gold Trust comprises 2.8% of Faithward Advisors LLC’s holdings, making the stock its 5th largest position. Faithward Advisors LLC’s holdings in iShares Gold Trust were worth $20,606,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter worth about $25,000. Monetary Solutions Ltd bought a new position in iShares Gold Trust in the 4th quarter valued at about $26,000. Rossby Financial LCC lifted its position in iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Gables Capital Management Inc. increased its holdings in iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new stake in iShares Gold Trust during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.9%

Shares of iShares Gold Trust stock opened at $77.33 on Wednesday. iShares Gold Trust has a 52 week low of $61.37 and a 52 week high of $104.40. The business has a 50 day moving average price of $85.10 and a 200-day moving average price of $87.71. The company has a market cap of $65.83 billion, a PE ratio of 5.53 and a beta of 0.15.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

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).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

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