Nottingham Advisors Inc. Sells 9,398 Shares of iShares Gold Trust $IAU

Nottingham Advisors Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 10.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,317 shares of the exchange traded fund’s stock after selling 9,398 shares during the quarter. iShares Gold Trust makes up 0.9% of Nottingham Advisors Inc.’s portfolio, making the stock its 25th biggest holding. Nottingham Advisors Inc.’s holdings in iShares Gold Trust were worth $7,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in shares of iShares Gold Trust in the 3rd quarter worth approximately $193,639,000. Concurrent Investment Advisors LLC raised its position in iShares Gold Trust by 381.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after acquiring an additional 2,008,288 shares during the period. Citigroup Inc. raised its position in iShares Gold Trust by 35.7% in the fourth quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after acquiring an additional 1,893,594 shares during the period. Mizuho Bank Ltd. bought a new position in iShares Gold Trust in the third quarter worth approximately $120,798,000. Finally, Emory University purchased a new position in shares of iShares Gold Trust during the 3rd quarter worth $78,661,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $77.33 on Wednesday. iShares Gold Trust has a 1 year low of $61.37 and a 1 year high of $104.40. The firm has a fifty 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 price-to-earnings ratio of 5.53 and a beta of 0.15.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Company 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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