Quent Capital LLC Lowers Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Quent Capital LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 468,848 shares of the exchange traded fund’s stock after selling 30,435 shares during the quarter. iShares Gold Trust accounts for 2.7% of Quent Capital LLC’s holdings, making the stock its 8th largest position. Quent Capital LLC owned 0.06% of iShares Gold Trust worth $17,061,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Financial Freedom LLC bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $30,000. Barrett & Company Inc. bought a new position in iShares Gold Trust in the first quarter valued at approximately $37,000. SJS Investment Consulting Inc. increased its stake in iShares Gold Trust by 42.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,012 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in iShares Gold Trust by 191.8% in the second quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 725 shares during the last quarter. Finally, New Hampshire Trust bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $47,000. 58.45% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock traded up $0.25 during mid-day trading on Friday, reaching $36.42. The company had a trading volume of 3,646,005 shares, compared to its average volume of 4,832,759. iShares Gold Trust has a fifty-two week low of $30.69 and a fifty-two week high of $39.04. The business has a fifty day simple moving average of $36.60 and a 200 day simple moving average of $36.91.

iShares Gold Trust Profile

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.