Leavell Investment Management Inc. lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 186,574 shares of the exchange traded fund’s stock after selling 23,682 shares during the period. Leavell Investment Management Inc.’s holdings in iShares Gold Trust were worth $7,838,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in IAU. ORG Partners LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter worth about $28,000. Private Ocean LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter worth about $29,000. Pingora Partners LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter worth about $31,000. Signature Resources Capital Management LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter worth about $32,000. Finally, North Star Investment Management Corp. raised its position in shares of iShares Gold Trust by 125.7% in the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU traded down $0.92 during trading hours on Thursday, hitting $44.07. The company had a trading volume of 7,967,978 shares, compared to its average volume of 6,875,764. The firm has a fifty day moving average price of $43.56 and a 200-day moving average price of $40.25. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $46.08.
iShares Gold Trust Company 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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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:IAU – Free Report).
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