Modus Advisors LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,946 shares of the exchange traded fund’s stock after purchasing an additional 16,931 shares during the quarter. iShares Gold Trust accounts for 5.0% of Modus Advisors LLC’s portfolio, making the stock its largest position. Modus Advisors LLC’s holdings in iShares Gold Trust were worth $11,570,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Freedom LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $30,000. Barrett & Company Inc. bought a new position in iShares Gold Trust during the 1st quarter worth about $37,000. SJS Investment Consulting Inc. increased its holdings in iShares Gold Trust by 42.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,012 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of iShares Gold Trust by 191.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 725 shares during the period. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of iShares Gold Trust by 223.6% in the first quarter. Wolff Wiese Magana LLC now owns 1,346 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 930 shares in the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.
iShares Gold Trust Trading Up 0.1 %
NYSEARCA IAU traded up $0.02 during trading on Thursday, hitting $36.17. The stock had a trading volume of 1,535,367 shares, compared to its average volume of 4,824,646. iShares Gold Trust has a 12 month low of $30.69 and a 12 month high of $39.04. The company’s 50-day moving average price is $36.60 and its two-hundred day moving average price is $36.92.
About iShares Gold Trust
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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