American Trust Sells 15,073 Shares of iShares Gold Trust $IAU

American Trust lowered its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 39.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,373 shares of the exchange traded fund’s stock after selling 15,073 shares during the period. American Trust’s holdings in iShares Gold Trust were worth $2,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Godfrey Financial Associates Inc. acquired a new stake in 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. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at approximately $26,000. Fairway Wealth LLC raised its position in shares of iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 252 shares in the last quarter. Finally, Rossby Financial LCC lifted its holdings in shares of iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key iShares Gold Trust News

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

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU traded down $0.25 during trading hours on Friday, hitting $77.26. 2,747,659 shares of the stock were exchanged, compared to its average volume of 11,348,428. The company has a market cap of $63.81 billion, a PE ratio of 5.53 and a beta of 0.18. The company’s fifty day simple moving average is $81.89 and its two-hundred day simple moving average is $87.31. iShares Gold Trust has a 1-year low of $61.60 and a 1-year high of $104.40.

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).

Further Reading

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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