Hollencrest Capital Management reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 23.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,865 shares of the exchange traded fund’s stock after selling 1,747 shares during the quarter. Hollencrest Capital Management’s holdings in iShares Gold Trust were worth $213,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Avidian Wealth Solutions LLC grew its position in iShares Gold Trust by 4.0% during the first quarter. Avidian Wealth Solutions LLC now owns 7,240 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 278 shares during the period. Simmons Bank increased its stake in shares of iShares Gold Trust by 0.9% in the 2nd quarter. Simmons Bank now owns 33,486 shares of the exchange traded fund’s stock worth $1,219,000 after purchasing an additional 310 shares in the last quarter. Private Trust Co. NA raised its holdings in iShares Gold Trust by 1.4% in the 2nd quarter. Private Trust Co. NA now owns 24,082 shares of the exchange traded fund’s stock worth $876,000 after purchasing an additional 325 shares during the period. IFG Advisory LLC raised its holdings in iShares Gold Trust by 2.0% in the 2nd quarter. IFG Advisory LLC now owns 16,995 shares of the exchange traded fund’s stock worth $618,000 after purchasing an additional 327 shares during the period. Finally, Crescent Grove Advisors LLC increased its stake in iShares Gold Trust by 0.4% during the second quarter. Crescent Grove Advisors LLC now owns 79,994 shares of the exchange traded fund’s stock worth $2,911,000 after acquiring an additional 343 shares during the last quarter. 58.45% of the stock is currently owned by institutional investors.
iShares Gold Trust Stock Performance
Shares of iShares Gold Trust stock opened at $37.50 on Friday. The stock has a 50 day moving average price of $36.49 and a 200-day moving average price of $36.76. iShares Gold Trust has a one year low of $32.88 and a one year high of $39.04.
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.
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